A negative output gap implies an unemployment rate that is:
A) above the equilibrium rate.
B) above the equilibrium rate
C) below the equilibrium rate.
D) below the equilibrium rate
E) equal to the equilibrium rat
F) equal to the equilibrium rat.
G) equal to the sum of the frictional and structural rates of unemployment
H) equal to the sum of the frictional and structural rates of unemployment.
Correct Answer:
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