When the economy is operating at a level of real GDP that is greater than its potential level, we know that
A) the structural rate of unemployment is negative.
B) the frictional unemployment is zero.
C) the actual unemployment rate is greater than the natural rate of unemployment.
D) the cyclical rate of unemployment is negative.
D
You might also like to view...
Pollution problems are usually cases of good versus evil
Indicate whether the statement is true or false
Those individuals 16 years of age and over who are working in a job or actively seeking employment are called:
A) the labor force. B) the employed. C) the unemployed. D) none of the above.
Which of the following would tend to increase the wage of coal miners?
a. new environmental laws that make it more costly for firms to use coal in their production process b. an increase in the price of oil, a substitute for coal c. a decrease in the demand for coal d. an increase in the supply of coal miners
When a perfectly competitive firm increases output, total revenue:
A. decreases, because there is no price effect. B. increases, because there is no quantity effect. C. decreases, because there is no quantity effect. D. increases, because there is no price effect.