During an economic boom,
A) the actual rate of unemployment will exceed the natural rate of unemployment.
B) the output of the economy will exceed its long-run potential output.
C) widespread unemployment will cause inflation to increase.
D) the actual rate of unemployment will equal the natural rate of unemployment.
Correct Answer:
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Q33: In a modern dynamic economy such as
Q34: Economists define full employment as the level
Q35: The economy is considered to be at
Q36: Actual GDP will be below potential GDP
A)
Q37: When the rate of cyclical unemployment is
Q39: Which of the following about unemployment is
Q40: The natural rate of unemployment
A) is a
Q41: The actual rate of unemployment will generally
A)
Q42: Which of the following will most likely
Q43: Which of the following will most likely
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