If the unemployment rate is less than the natural unemployment rate, then
A) frictional unemployment is negative.
B) real GDP is less than potential GDP.
C) there is no frictional unemployment.
D) cyclical unemployment is greater than zero.
E) real GDP is greater than potential GDP.
Correct Answer:
Verified
Q59: An employee who is fired from his
Q60: Structural unemployment is the result of
A) voluntary
Q61: As the unemployment rate increases,
A) potential GDP
Q62: Who is cyclically unemployed?
A) Casey, who lost
Q63: The natural unemployment rate
A) is easy to
Q64: The natural unemployment rate is
A) the same
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Q67: The natural unemployment rate occurs
A) when the
Q68: During a recession,
A) real GDP is equal
Q69: Potential GDP is reached when
A) unemployment is
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