Question: When real GDP Question 26Select one: A. is below potential GDP, there is cyclical unemployment. B. is above potential GDP, there is cyclical unemployment. C.
When real GDP Question 26Select one: A. is below potential GDP, there is cyclical unemployment. B. is above potential GDP, there is cyclical unemployment. C. is above potential GDP, the unemployment rate is above the natural rate. D. is below potential GDP, the unemployment rate is above the natural rate. E. equals potential GDP, the natural rate of unemployment equals zero
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
