If the actual rate of unemployment is above the natural rate of unemployment, then potential GDP is:
A) Equal to the GDP gap
B) Equal to actual GDP
C) Less than actual GDP
D) Greater than actual GDP
Correct Answer:
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Q49: The full-employment rate of unemployment is also
Q50: The rate of unemployment when the economy
Q51: If the unemployment rate for the United
Q52: Potential GDP is the output that would
Q53: The following items describe the responses of
Q55: "Full employment" refers to the situation when
Q56: If the GDP gap is positive, then:
A)
Q58: The following items describe the responses of
Q59: The natural rate of unemployment:
A) Means that
Q198: If the natural rate of unemployment was
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