During the Last Half of 1980, the U

Multiple Choice

During the last half of 1980, the U.S. unemployment rate was about 7.5 percent. Historical experience suggests that this is

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