Figure 36-3

question 56

Multiple Choice

Figure 36-3.The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves.On the left-hand diagram,Y represents output and on the right-hand diagram,U represents the unemployment rate.
-Refer to Figure 36-3.Assume the figure charts possible outcomes for the year 2018.In 2018,the economy is at point B on the left-hand graph,which corresponds to point B on the right-hand graph.Also,point A on the left-hand graph corresponds to A on the right-hand graph.The price level in the year 2018 is

• A)155.56.
• B)159.00.
• C)163.50.
• D)170.04.

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Definitions:

Operating Objectives

Short-term goals or targets that are set by an organization to guide its daily operations towards achieving broader strategic goals.

Mission Statement

An official overview of the goals and principles held by a corporation, institution, or person.

Business Model

A plan for making a profit by generating revenues that are greater than costs.

Core Values

Fundamental beliefs or principles that guide the behavior and decision-making processes within an organization.