If the output gap equals - $50 million,then
A) cyclical unemployment equals the sum of structural and frictional unemployment.
B) there is a recessionary gap.
C) there is no cyclical unemployment.
D) potential GDP is less than actual GDP.
E) the actual rate of unemployment is less than the natural rate of unemployment.
Correct Answer:
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Q86: The output gap measures the amount by
Q87: If the output gap equals $50 million,then
A)
Q88: The full-employment rate of unemployment is also
Q89: If actual GDP equals potential GDP,then
A) the
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Q92: A high unemployment rate most likely means
Q93: If the unemployment rate for the Canadian
Q94: If actual GDP is less than potential
Q95: The cyclical unemployment rate is zero when
A)
Q96: According to Okun's law,each extra percentage point
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