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