Question 5. Referring to the above diagram, which of the following is a true statement? a) Macroeconomic policy will be needed to address rising inflation. b) The equilibrium in the economy is at a level of output above full employment. c) There is sufficient aggregate demand to cause inflationary pressures. d) There is insufficient aggregate demand to reach full employment.

Question 5. Referring to the above diagram, which of the following is a true statement?
a) Macroeconomic policy will be needed to address rising inflation.
b) The equilibrium in the economy is at a level of output above full employment.
c) There is sufficient aggregate demand to cause inflationary pressures.
d) There is insufficient aggregate demand to reach full employment.

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