Multiple Choice
If the natural unemployment rate is 5.5 percent,then the economy is in a recessionary gap when the actual unemployment rate is
A) more than 5.5 percent.
B) between 0 and 5.5 percent.
C) 0 percent.
D) 5.5 percent.
Correct Answer:
Verified
Related Questions
Q4: In a self-regulating economy,a recessionary gap will
Q138: Suppose the economy is self-regulating,the price level
Q140: A natural disaster,such as the 2011 Japanese
Q143: When the current state of the economy
Q144: Suppose the economy is self-regulating,the price level
