Multiple Choice
If short-run output is less than the potential output, then:
A) the unemployment rate in the economy is zero.
B) frictional unemployment is less than its natural rate.
C) frictional unemployment is greater than its natural rate.
D) structural unemployment is greater than frictional unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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Q38: Which one of the following is NOT
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Q41: If short-run output is greater than potential
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Q44: Use Figure: Macroeconomic Equilibrium. This figure shows
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