1. A, B, and C represent the following ranges respectively:

A) Intermediate, Classical, and Keynesian
B) Keynesian, Classical, and Intermediate
C) Classical, Intermediate, and Keynesian
D) Classical, Keynesian, and Intermediate
E) Intermediate, Keynesian, and Classical

2. As output increases and PL remains the same

A) this indicates the Keynesian range.
B) there is an abundance of unemployed resources.
C) the economy is far inside its potential.
D) the economy is just starting to get out of its trough in the business cycle.
E) All of the above are correct answers.

3. If the economy is “beyond full employment” then:

A) the PL is above the full employment PL.
B) the PL is below the full employment PL.
C) RGDP is beyond full employment RGDP.
D) both A) and C) are correct.
E) both B) and C) are correct.