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Economists in Olliestan Estimate the Natural Rate of Unemployment Is

Question 80

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Economists in Olliestan estimate the natural rate of unemployment is 7 percent. The table below lists unemployment rates from the Labour Force Survey for selected months. Economists in Olliestan estimate the natural rate of unemployment is 7 percent. The table below lists unemployment rates from the Labour Force Survey for selected months.   During which months did Olliestan have a recessionary gap? A)  March, April and May B)  March and April, but not May C)  April and May, not March D)  Only March E)  Only May During which months did Olliestan have a recessionary gap?


A) March, April and May
B) March and April, but not May
C) April and May, not March
D) Only March
E) Only May

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