-Refer to Exhibit 9-4.Which of the following is true at the Real GDP level of Q₃? A) The unemployment rate is equal to the natural unemployment rate. B) The cyclical unemployment rate is zero. C) The economy is in long-run equilibrium. D) all of the above E) none of the above

Question

Quizplus · Accepted Answer

At the Real GDP level of Q₃, the economy is at its long-run equilibrium where the unemployment rate equals the natural rate of unemployment, and cyclical unemployment is zero. This implies that all of the statements A, B, and C are true, making D the correct choice.