In Exhibit 14.17, choosing to operate the economy at GDP = $1,200 billion and P = 110 would be opting for an economy of a. no unemployment with inflation. b. full employment without inflation. c. full...

In Exhibit 14.17, choosing to operate the economy

at GDP = $1,200 billion and P = 110 would be

opting for an economy of

a. no unemployment with inflation.

b. full employment without inflation.

c. full employment with inflation.

d. moderate cyclical unemployment without

inflation.