The current stage of the economy is depicted in curve 1. Point P suggests that the economy is?

By: |Published on: Aug 3|Categories: Economics WAEC| 0 comments

A. reaching full employment but not full production
B. attaining full production but not full employment
C. under-capitalized
D. attaining both full employment and full production

Correct Answer:

Option A – reaching full employment but not full production

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