The dashed line is potential output and the solid line is current output; therefore: Group of answer choices areas a and b are booms. area b represents an economic boom, and area a is a recessionary gap. the economy is in neither a recession nor a boom in areas a and b. area a represents an economic boom, and area b is a recessionary gap. areas a and b are expansions. CHEGG

Area a represents an economic boom, and area b is a recession

Explanation:

The dashed line is potential output and the solid line is current output; therefore area a represents an economic boom, and area b is a recession.

An economic boom occurs when the business cycle has expanded. It is a period of growth and in this period, there'll be a rise in key economic indicators such as the gross domestic product, for that country.

Area b is a recession. This is when there's a contraction of economic activities and in this period, there's a reduction in the demand of goods and services. This results in unemployment and hardship on the citizens of the country.

c

explanation:

well obviously you must be dumb if you dont noe dat

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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