Solved

When Real GDP Is Above Potential GDP

Question 95

Multiple Choice

When real GDP is above potential GDP,


A) frictional unemployment is probably above normal levels.
B) frictional unemployment is probably below normal levels.
C) structural unemployment is probably above normal levels.
D) cyclical unemployment is probably above normal levels.
E) seasonal unemployment is probably above normal levels.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions