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    Exam 9: Perfect Competition
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    -Refer to Exhibit 9-4
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-Refer to Exhibit 9-4

Question 96

Question 96

Multiple Choice

  -Refer to Exhibit 9-4.Which of the following is true at the Real GDP level of Q<sub>3</sub>? A)  The unemployment rate is equal to the natural unemployment rate. B)  The cyclical unemployment rate is zero. C)  The economy is in long-run equilibrium. D)  all of the above E)  none of the above
-Refer to Exhibit 9-4.Which of the following is true at the Real GDP level of Q3?


A) The unemployment rate is equal to the natural unemployment rate.
B) The cyclical unemployment rate is zero.
C) The economy is in long-run equilibrium.
D) all of the above
E) none of the above

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