Multiple Choice
Which of the following statements is false?
A) If the economy is self-regulating,wages are flexible.
B) The frictional unemployment rate equals the natural unemployment rate minus the structural unemployment rate.
C) If the economy is producing Natural Real GDP,it is operating at the natural unemployment rate.
D) The economy is operating at full employment if it is producing more than Natural Real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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