Multiple Choice
If the economy were at its potential output level,which of the following would not be true?
A) The actual unemployment rate would be greater than the natural rate.
B) The labor market would be in equilibrium.
C) There would be some seasonal unemployment.
D) There would be some frictional unemployment.
E) There would be some structural unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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