When the current state of the economy is such that Real GDP is equal to Natural Real GDP,the economy is in ____________________ .In this situation,the (actual) unemployment rate is ___________ the natural unemployment rate,and there is ________________ in the labor market.
A) long-run equilibrium; equal to; equilibrium
B) inflationary; less than; a shortage
C) long-run equilibrium; greater than; equilibrium
D) recessionary; greater than; a surplus
E) recessionary; less than; equilibrium
Correct Answer:
Verified
Q157: Q158: Refer to Exhibit 9-8.The level of total Q159: The structural unemployment rate is 3.2 percent,the
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