Multiple Choice
In 2012,real GDP in the United States was below potential GDP.This fact definitely means that
A) the unemployment rate was near 10 percent.
B) the unemployment rate was above the natural unemployment rate.
C) the economy was in an expansion.
D) cyclical unemployment had been decreasing.
E) frictional unemployment was negative.
Correct Answer:
Verified
Correct Answer:
Verified
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