For each of the economic situations below,identify whether it describes a healthy economy,a recession,or short-term expansion.
a.The unemployment rate is equal to the natural rate of unemployment.
b.Cyclical unemployment is equal to zero.
c.Cyclical unemployment is negative.
d.Output is less than full-employment output.

Question

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The Answer of For each of the economic situations below,identify whether it describes a healthy economy,a recession,or short-term expansion.
a.The unemployment rate is equal to the natural rate of unemployment.
b.Cyclical unemployment is equal to zero.
c.Cyclical unemployment is negative.
d.Output is less than full-employment output.

For Each of the Economic Situations Below,identify Whether It Describes