In a recession, the cyclical unemployment:
A) is positive.
B) is zero.
C) is negative.
D) equals the natural rate of unemployment.
Correct Answer:
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Q59: A recession occurs when _, when _,
Q60: A country's actual output _ its potential
Q61: If potential output for an economy equals
Q62: If there is 2 percent frictional unemployment,
Q63: In Macroland potential GDP equals $20 billion
Q65: If the cyclical rate of employment equals
Q66: If potential output equals $8 billion and
Q67: If the output gap equals 1.8 percent,
Q68: If the output gap equals −3.2 percent,
Q69: The natural rate of unemployment is equal
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