When Each Firm Is Producing Its Capacity and There Is

question 71

Multiple Choice

When each firm is producing its capacity and there is full employment, this shows:

• A) an inflationary gap
• B) a deflationary gap
• C) the long run AS curve
• D) all of these

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Definitions:

Vehicles

Modes of transportation used to carry people or goods from one place to another, including cars, buses, bicycles, and airplanes.

Fish

A member of a group of aquatic, gill-bearing animals that lack limbs with digits, typically moving through water by means of fins.

Concept

A concept embodying the essential traits of what it symbolizes.

Concrete

Referring to real, tangible objects or phenomena, as opposed to abstract concepts or ideas.