If the unemployment rate is less than the natural unemployment rate,then
A) there is no frictional unemployment.
B) cyclical unemployment is greater than zero.
C) real GDP is less than potential GDP.
D) real GDP is greater than potential GDP.
E) frictional unemployment is negative.
Correct Answer:
Verified
Q232: In 2012,real GDP in the United States
Q233: The natural unemployment rate is
A)equal to the
Q234: Potential GDP is the level of output
Q235: Potential GDP is
A)the value of the maximum
Q236: The natural unemployment rate is the unemployment
Q238: Full employment means that
A)the unemployment rate is
Q239: Natural unemployment equals the sum of
A)cyclical and
Q240: The natural unemployment rate occurs
A)at the full
Q241: Who is cyclically unemployed?
A)Casey,who lost his job
Q242: At full employment,there is no
A)unemployment.
B)frictional unemployment.
C)structural and
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