-Refer to Exhibit 9-3

Multiple Choice

-Refer to Exhibit 9-3.If the economy is in short-run equilibrium at point C,

A) the (actual) unemployment rate is less than the natural unemployment rate.
B) the (actual) unemployment rate is equal to the natural unemployment rate.
C) the (actual) unemployment rate is greater than the natural unemployment rate.
D) the relationship between the (actual) unemployment rate and the natural unemployment rate cannot be determined from the available information.