The Table Below Provides Macroeconomic Data for a Hypothetical Economy

question 52

Multiple Choice

The table below provides macroeconomic data for a hypothetical economy.Dollar amounts are all in constant-dollar terms.
TABLE 19-1
-Refer to Table 19-1.In the year 2014,it is probably the case that workers are ________ and factories are ________.

• A)facing cyclical unemployment; facing temporary shut downs
• B)working longer than normal hours; facing temporary shutdowns
• C)experiencing zero unemployment; operating extra shifts
• D)experiencing zero unemployment; operating beyond their normal capacity
• E)working longer than normal hours; operating beyond their normal capacity

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Definitions:

Indifference Curves

Visual diagrams in microeconomics that display the mix of two products which provide the same level of pleasure and usefulness to a purchaser.

Indifference Map

A set of indifference curves, each representing a different level of utility, that together show the preferences of a consumer.

Budget Constraint

outlines the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.