Multiple Choice
The frictional unemployment rate is 1.5 percent,the structural unemployment rate is 3.4 percent,and the economy's current unemployment rate is 4.9 percent.The economy is in
A) an inflationary gap producing more than Natural Real GDP.
B) a recessionary gap producing more than Natural Real GDP.
C) an inflationary gap producing Natural Real GDP.
D) a recessionary gap producing less than Natural Real GDP.
E) long-run equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
Q97: According to classical economists,<br>A) spending equals saving.<br>B)
Q98: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q99: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q100: According to Say's law,<br>A) if there is
Q101: According to the classical theorists,it is impossible
Q103: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q104: The number of unpaid internships is more
Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q106: If the economy is in long-run equilibrium,<br>A)
Q107: When the economy is in an inflationary