In the Last Half of 1999,the U

Multiple Choice

In the last half of 1999,the U.S.unemployment rate was about 4 percent.Historical experience suggests that this is

A) above the natural rate, so that real GDP growth was likely low.
B) above the natural rate, so that real GDP growth was likely high.
C) below the natural rate, so that real GDP growth was likely low.
D) below the natural rate, so that real GDP growth was likely high.