The unemployment rate
A) has increased steadily over the last 40 years.
B) is never equal to zero.
C) is zero if the economy is in an expansion.
D) increases as real GDP increases.
E) is zero unless the economy is in a recession.
Correct Answer:
Verified
Q53: Exhibit 17-4 Q54: After a recession, the economy usually takes Q55: Over the last 50 years in the Q56: When a recession is over, do people Q57: Explain what real GDP measures. Q59: Does it make a difference if the Q60: What is meant by a recession? As Q61: Based on the experience of the previous Q62: The labor force is Q63: The unemployment rate is defined as
A)those in the population
A)the percentage
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