During a recession,
A) real GDP is equal to potential GDP.
B) the actual unemployment rate is less than the natural unemployment rate.
C) the relationship between real GDP and potential GDP no longer exists.
D) real GDP is greater than potential GDP.
E) real GDP is less 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
Q65: If the federal government expands its support
Q66: If the unemployment rate is less than
Q67: The natural unemployment rate occurs
A) when the
Q69: Potential GDP is reached when
A) unemployment is
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