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Use the Figure Below to Answer the Following Questions

question 118

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Use the figure below to answer the following questions.
Use the figure below to answer the following questions.     Figure 26.3.1 -Refer to Figure 26.3.1. Consider statements (1) and (2) and select the correct answer. (1)  The actual unemployment rate exceeds the natural unemployment rate. (2)  Short-run aggregate supply will automatically shift leftward as the economy adjusts to long-run equilibrium. A) (1) is true; (2) is false. B) (2) is true; (1) is false. C) (1) and (2) are false. D) (1) and (2) are true. E) (1) is true; (2) is true if the money wage rate falls.
Figure 26.3.1
-Refer to Figure 26.3.1. Consider statements (1) and (2) and select the correct answer. (1) The actual unemployment rate exceeds the natural unemployment rate.
(2) Short-run aggregate supply will automatically shift leftward as the economy adjusts to long-run equilibrium.


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