-Refer to Exhibit 8-1

question 4

Multiple Choice

-Refer to Exhibit 8-1.If we assume that the unemployment rate and Real GDP are inversely related,which of the points on this graph is most likely representative of the lowest unemployment rate?

• A) A
• B) B
• C) C
• D) D

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Definitions:

Equilibrium Quantity

The quantity of a good or service at which supply and demand are balanced in a market.

Laptop Computers

Portable personal computers with the components, inputs, outputs, and capabilities of a desktop computer, designed for easy transport and use.

Note-Taking

The practice of recording information from various sources and contexts in a systematic way.

Binders

Tools or devices used for holding together pages or other materials for organization and protection.