FIGURE PPT 3-1 Referring to Figure PPT 3-1 Above

question 39

Multiple Choice

FIGURE PPT 3-1 Referring to Figure PPT 3-1 above, in order to type 2005, 2006, and 2007 as column labels, you would ____.

• A) Click cell B1, type 2005, press Tab, type 2006, press Tab, press 2007
• B) Click cell A1, type 2005, press Enter, type 2006, press Enter, press 2007
• C) Click cell B1, type 2005, press Enter, type 2006, press Enter, press 2007
• D) None of the above

---

Definitions:

Potential Real GDP

The maximum amount of goods and services that an economy can produce when it is fully employing its resources with efficiency, without causing inflation.

Prices

The amount of money required to purchase a good or service, often influenced by supply and demand dynamics.

Unemployment Problem

A socio-economic issue characterized by a high number of individuals in a labor force being unable to find jobs, often leading to financial hardship and decreased consumer spending.

Sticky Downward

A situation in economics where prices, especially wages, are resistant to decreasing even in conditions where a decrease would be expected.