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

question 151

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 9-2

-Which of the following is true for the economy depicted in Figure 9-2?

• A)Potential output equals Y₁.
• B)It would be impossible for this economy to achieve an output greater than Y₁.
• C)When output Y₁ is achieved,the actual rate of unemployment will exceed the natural rate of unemployment.
• D)When output Y₁ is achieved,the actual rate of unemployment will be less than the natural rate of unemployment.

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Definitions:

Encoding

The process of transforming information into a format that can be stored in the brain; a crucial step in the process of creating new memories.

Mental Age

A measure of a person's intellectual development relative to people of their chronological age, indicating how far they have progressed in their cognitive abilities.

Cognitive Abilities

The mental capabilities that involve the acquisition, processing, retention, and application of information, such as memory, reasoning, attention, and problem-solving.

Encoding

The process of translating sensory input into a form or format that can be stored and used by the memory system.