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Suppose that the current situation in country A is represented by the following ...
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Suppose that the current situation in country A is represented by the following diagram:
Which of the following best describes country A situation?
(i)
(ii)
(iii) Utilisation rates for labour and capital are below normal rates
(iv) Utilisation rates for labour and capital are above normal rates
100%
0%
0%
0%
0%
0%
0%