Multiple Choice
The frictional unemployment rate is 2.5 percent,the structural unemployment rate is 3.1 percent,and the current unemployment rate (in the economy) is 5.6.The economy is in
A) an inflationary gap producing more than Natural Real GDP.
B) a recessionary gap producing more than Natural Real GDP.
C) an inflationary gap producing Natural Real GDP.
D) a recessionary gap producing less than Natural Real GDP.
E) long-run equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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