Cyclical Unemployment in an Economy Will Be Zero When

Multiple Choice

Cyclical unemployment in an economy will be zero when:

A) there is an expansionary gap in the economy.
B) the economy is producing its natural rate of output.
C) there is a recessionary gap in the economy.
D) the actual price level is equal to the expected price level in the economy.
E) the actual price level exceeds the expected price level in the economy.