When the unemployment rate is less than the natural unemployment rate,real GDP is ________ potential GDP.
A) greater than
B) less than
C) unrelated to
D) equal to
E) not comparable to
Correct Answer:
Verified
Q242: At full employment,there is no
A)unemployment.
B)frictional unemployment.
C)structural and
Q243: After the passage of the North American
Q244: Producing an amount of GDP equal to
Q245: Bo's actions would
A)have no impact on the
Q246: Tommy graduates from college and starts to
Q248: If real GDP exceeds potential GDP,then the
Q249: During a recession,
A)real GDP is equal to
Q250: An increase in unemployment benefits _ and
Q251: Vicki would be classified as
A)a voluntary part-time
Q252: Which of the following people is frictionally
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