If an Economy Is on the Vertical Portion of the Aggregate

question 257

Multiple Choice

If an economy is on the vertical portion of the aggregate supply curve, then it

• A) is overheating.
• B) is at full employment.
• C) has high unemployment.
• D) is in a severe recession.

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Definitions:

Individual

Pertaining to or characteristic of a single, particular person or thing as opposed to a group.

Mining Partner

A member of a partnership formed for the purpose of mining activities, sharing in the profits and liabilities of the venture.

Transferable

Capable of being passed on or conveyed from one person or entity to another.

Partnership Capital

When a partnership or limited liability partnership is formed, partners contribute cash or other property to the partnership.