An unemployment rate that is above the natural rate indicates ____________,and we say that the economy is producing at ____________.
A) cyclical unemployment; more than the full-employment output level
B) cyclical unemployment; the full-employment output level
C) cyclical unemployment; less than the full-employment output level
D) frictional unemployment; more than the full-employment output level
E) frictional unemployment; the full-employment output level
Correct Answer:
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