Multiple Choice
Which of the following is true?
A) During a boom,the natural rate of unemployment falls below the actual rate of unemployment.
B) During a boom,the output of the economy will exceed its long-run potential output.
C) During a boom,there will be widespread unemployment.
D) During a boom,the actual rate of unemployment will exceed the natural rate of unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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