Potential GDP is reached when
A) unemployment is zero.
B) there is no cyclical unemployment.
C) unemployment is above full employment.
D) unemployment is below full employment.
E) the natural unemployment rate equals zero.
Correct Answer:
Verified
Q219: An economic recession produces
A)an increase in cyclical
Q220: Full employment occurs when
A)the unemployment rate is
Q221: Which of the following is true?
A)Real GDP
Q222: At full employment there still exists some
Q223: Full employment occurs when the
A)unemployment rate equals
Q225: The natural unemployment rate is
A)another name for
Q226: At the peak of a business cycle,the
A)cyclical
Q227: Full employment means that
A)100 percent of the
Q228: The natural unemployment rate
A)includes only frictional and
Q229: When the economy is at full employment,the
A)natural
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents