Multiple Choice
The structural unemployment rate is 1.5 percent,the frictional unemployment rate is 3.1 percent,and the economy's current unemployment rate is 6.9 percent.The economy is in
A) a recessionary gap producing less than Natural Real GDP.
B) an inflationary gap producing more than Natural Real GDP.
C) long-run equilibrium.
D) an inflationary gap producing Natural Real GDP.
E) a recessionary gap producing more than Natural Real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q41: In the long run,changes in aggregate demand
Q42: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q43: A necessary condition for a money economy
Q44: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q45: Suppose the economy is self-regulating and the
Q47: Say's law states that<br>A) demand creates its
Q48: If the economy is producing Natural Real
Q49: If the economy is self-regulating and in
Q50: If the natural unemployment rate is 5.5
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit