During the Last Half of 2012,the U

Multiple Choice

During the last half of 2012,the U.S.unemployment rate was just under 8 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.