When cyclical unemployment is high, the economy is having
A) a peak in the business cycle.
B) real GDP greater than potential GDP.
C) real GDP less than potential GDP.
D) less than normal structural unemployment.
E) less than normal frictional unemployment.
Correct Answer:
Verified
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A) equals potential GDP, the
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A)
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Q76: When real GDP is above potential GDP,
A)
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