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If Real GDP Is Increasing at a 2 Percent Annual

Question 55

Multiple Choice

If real GDP is increasing at a 2 percent annual rate while the unemployment rate is 7 percent,the economy is


A) not achieving full economic potential
B) experiencing an increase of 2 percent in real annual per capita GDP
C) experiencing a slump
D) experiencing high prices and low inflation
E) producing along its production possibilities frontier

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