The equilibrium or natural unemployment rate:
A) is the unemployment rate when the economy is in short run equilibrium.
B) is the unemployment rate when the economy is at potential output.
C) is the unemployment rate when the economy has a recessionary gap.
D) is the unemployment rate when the economy has an inflationary gap.
Correct Answer:
Verified
Q51: Q52: Which of the following statements is false? Q53: If Y equals 900 and YP is Q54: If aggregate demand exceeds potential output: Q55: If potential output exceeds aggregate demand: Q57: An unemployment rate greater than the natural Q58: The relationship between changes in the level Q59: According to Okun's law, if growth in Q60: Empirical evidence for Canada suggests that if Q61: Estimates in recent years put the natural
A)
A) an
A) an
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