In Figure 1 Above If the Economy Were at Y3

question 90

Multiple Choice

In Figure 1 above if the economy were at Y3 then we would expect there to be:

• A) an increase in production since PAE < actual output.
• B) an increase in production since PAE > actual output.
• C) no change in production since PAE = actual output.
• D) a decrease in production since PAE < actual output.

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