If the unemployment rate for the United States economy rises from 7 to 11 percent during a year, we can conclude that:
A) Actual GDP exceeds potential GDP
B) Actual GDP is less than potential GDP
C) The economy is experiencing only frictional unemployment
D) The natural rate of unemployment for the United States economy has risen
Correct Answer:
Verified
Q46: The downward-stickiness of wages serves like a
Q47: The higher the rate of unemployment:
A) The
Q48: If the negative GDP gap were equal
Q49: The full-employment rate of unemployment is also
Q50: The rate of unemployment when the economy
Q52: Potential GDP is the output that would
Q53: The following items describe the responses of
Q54: If the actual rate of unemployment is
Q55: "Full employment" refers to the situation when
Q56: If the GDP gap is positive, then:
A)
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