At ________ Levels of Output, the Economy Can Expand with Little

question 31

Multiple Choice

At ________ levels of output, the economy can expand with little or no increase in the overall price level because firms likely hold excess labor and capital, and production can be increased without causing input prices to increase.

• A) high
• B) low
• C) full employment
• D) full capacity

---

Definitions:

Atm

Short for "atmosphere," a unit of pressure or a reference to the gaseous envelope surrounding a celestial body.

Container

An object that can be used to hold or transport something, varying widely in size, shape, and materials depending on its purpose.

°C

Degrees Celsius (°C) is a unit of temperature measurement based on the Celsius scale, where water freezes at 0°C and boils at 100°C under standard atmospheric conditions.

Atm

A unit of pressure used to describe the air pressure at sea level, equivalent to 101,325 Pa or about 14.696 psi.