According to Figure 2.5, the United States civilian employment ratio in June 2013 was ________

What is the current equilibrium price level and real GDP for the economy illustrated in the figure above? Does this economy have an inflationary gap, a recessionary gap, or neither? As it adjusts toward full employment, which curve shifts?

What is the equilibrium real GDP and price level that the economy will ultimately reach?

As the price of a good increases, the marginal utility per dollar spent on that good will also increase

a. True b. False Indicate whether the statement is true or false