Multiple Choice
The structural unemployment rate is 1.7 percent,the frictional unemployment rate is 2.6 percent,and the economy's current unemployment rate is 3.9 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
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