If the GDP gap is positive, then:
A) The inflation rate is falling
B) The unemployment rate is rising
C) Potential GDP is greater than actual GDP
D) Actual GDP is greater than potential GDP
Correct Answer:
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Q51: If the unemployment rate for the United
Q52: Potential GDP is the output that would
Q53: The following items describe the responses of
Q54: If the actual rate of unemployment is
Q55: "Full employment" refers to the situation when
Q58: The following items describe the responses of
Q59: The natural rate of unemployment:
A) Means that
Q60: The amount by which actual GDP falls
Q61: When inflation occurs:
A) All prices are rising
B)
Q198: If the natural rate of unemployment was
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