The frictional unemployment rate is 1.5 percent,the structural unemployment rate is 3.4 percent,and the economy's current unemployment rate is 4.9 percent.The economy is in
A) an inflationary gap producing more than Natural Real GDP.
B) a recessionary gap producing more than Natural Real GDP.
C) an inflationary gap producing Natural Real GDP.
D) a recessionary gap producing less than Natural Real GDP.
E) long-run equilibrium.
Correct Answer:
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Q84: A laissez-faire macroeconomic policy,based on a _
Q85: Q86: If the current unemployment rate is less Q87: Q88: If the economy is producing Natural Real Q90: If the natural unemployment rate is 5.5 Q91: Suppose the AD curve and the SRAS Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents