If the professional opinions of economists regarding the natural rate of unemployment vary between 4.5 and 6 percent, then when the actual rate of unemployment equals 10.5 percent:
A) the natural rate of unemployment equals 10.5 percent.
B) there is a probably recessionary gap.
C) there is probably an expansionary gap.
D) the economy is probably at potential output.
Correct Answer:
Verified
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