Using the aggregate expenditure model, the equilibrium level of the aggregate expenditure can occur when the economy is producing
A) only at above full employment.
B) at full employment, above full employment, or below full employment.
C) at either below full employment or at full employment but never at above full employment.
D) only at below full employment.
E) only at full employment.
B
Economics
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a. larger; decrease b. smaller; decrease c. larger; increase d. smaller; not change
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Which of the following types of unemployment would best characterize a swimming instructor's unemployment during the winter months?
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