According to the AS-AD model,when real GDP exceeds potential GDP,the unemployment rate is definitely
A) greater than the natural unemployment rate.
B) less than the natural unemployment rate.
C) equal to the natural unemployment rate.
D) rising.
E) falling.
Correct Answer:
Verified
Q4: The short-run tradeoff between the unemployment rate
Q6: If the economy is at full employment,
Q15: Comparing the AS-AD model and the Phillips
Q16: The short-run Phillips curve is
A)downward sloping.
B)vertical at
Q17: According to Okun's Law, for each 1
Q18: The short-run Phillips curve is a curve
Q19: Moving along the short-run Phillips curve,a _
Q20: Suppose the natural unemployment rate is 5
Q21: According to Okun's Law,when the natural employment
Q22: According to the AS-AD model,when real GDP
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