If the economy were at its potential output level, which of the following is not true?
A) The actual unemployment rate would equal the natural rate.
B) There would be some cyclical unemployment.
C) There would be some frictional unemployment.
D) There would be some structural unemployment.
Correct Answer:
Verified
Q1: Full employment
A) exists when everyone in the
Q2: Economists use the phrase "business cycle" when
Q4: The recessionary phase of the business cycle
Q5: Which of the following will most likely
Q6: The period of declining growth in real
Q7: The difference between actual real GDP and
Q8: The distinguishing characteristics of business cycles are
A)
Q9: Which of the following will most likely
Q10: The 25 years prior to the crisis
Q11: The period of growth in real GDP
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