If the economy is producing Natural Real GDP, then the
A) current unemployment rate is greater than the natural unemployment rate.
B) current unemployment rate is less than the natural unemployment rate.
C) economy is at full employment.
D) economy is operating at the natural unemployment rate.
E) c and d
E
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Workers who suffer disability are likely to suffer higher ________
A) cyclical unemployment B) tertiary unemployment C) structural unemployment D) natural unemployment
Economic growth is represented by an inward shift of the production possibility curve
a. True b. False Indicate whether the statement is true or false
According to many modern monetarists, the government can minimize economic instability by stabilizing growth of the __________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is true regarding economic fluctuations in the United States?
a. Since World War II, economic ups and downs have been more moderate than before the war. b. Prior to World War II, real GDP annual increases of more than 5 percent were unheard of. c. Real GDP grew rapidly during the 1930s. d. The 1920s was a period of prolonged economic stagnation and high unemployment.