If the output gap equals $50 million,then
A) cyclical unemployment equals the sum of structural and frictional unemployment.
B) there is an expansionary gap.
C) there is no cyclical unemployment.
D) potential GDP is greater than actual GDP.
E) the actual rate of unemployment is greater than the natural rate of unemployment.
Correct Answer:
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Q82: The natural rate of unemployment includes
A) only
Q83: If the actual rate of unemployment equals
Q84: At the full-employment unemployment rate,there is only
A)
Q85: The non-accelerating inflation rate of unemployment (NAIRU)is
Q86: The output gap measures the amount by
Q88: The full-employment rate of unemployment is also
Q89: If actual GDP equals potential GDP,then
A) the
Q90: When the economy is experiencing an expansionary
Q91: If the output gap equals - $50
Q92: A high unemployment rate most likely means
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