If real GDP is ________ than potential GDP,employment is ________ than its full-employment level and the unemployment rate rises ________ the natural unemployment rate.

Question

Quizplus · Accepted Answer

When real GDP is less than potential GDP, employment is less than its full-employment level, leading to an unemployment rate that is above the natural unemployment rate.

If Real GDP Is ________ Than Potential GDP,employment Is ________

If Real GDP Is Than Potential GDP,employment Is