If the actual unemployment rate is one percentage point less than the NAIRU,then
A) actual and potential GDP are equal.
B) actual GDP is greater than potential GDP.
C) actual GDP is less than potential GDP.
D) potential GDP will expand permanently.
E) potential GDP will contract until it equals actual GDP.
Correct Answer:
Verified
Q4: Suppose the official rate of unemployment reported
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Q6: Suppose in a given month the flow
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Q10: When the growth rate of the labour
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Q12: Suppose John was a full-time student,who upon
Q13: Suppose that next year 300 000 existing
Q14: When the growth rate of the labour
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