A high unemployment rate most likely means that there is a
A) high rate of inflation in the economy.
B) low rate of interest in the economy.
C) large negative output gap in the economy.
D) large positive output gap in the economy.
E) large trade deficit in the economy.
Correct Answer:
Verified
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
Q90: When the economy is experiencing an expansionary
Q91: If the output gap equals - $50
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
Q97: The rate of unemployment when the economy
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