Use the Figure Below to Answer the Following Question(s)

question 88

Multiple Choice

Use the figure below to answer the following question(s) . Figure 9-2
Figure 9-2 indicates that the output of the economy, y₁, is

• A) greater than the economy's long-run capacity.
• B) equal to the economy's long-run capacity.
• C) less than the economy's long-run capacity.
• D) in short-run equilibrium but not long-run equilibrium.

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Definitions:

Grade Equivalent

A measure that describes a student's performance in terms of the grade level at which the average score is the same.

Ninth Grade

Refers to the ninth year of schooling in many educational systems, often the first year of high school in the United States.

Stanine

A nine-point scale used primarily in educational assessments to classify scores into nine broad levels, with 5 being average.