The structural unemployment rate is 1.3% and the frictional unemployment is 2.9%, and the economy's current unemployment rate is 4.2%. The economy is in: Group of answer choices full employment having reached the potential real GDP. a recessionary gap producing less than the potential real GDP. an inflationary gap having more unemployment than the natural unemployment. an inflationary gap having lower unemployment than the natural unemployment.
The structural unemployment rate is 1.3% and the frictional unemployment is 2.9%, and the economy's current unemployment rate is 4.2%. The economy is in: Group of answer choices full employment having reached the potential real GDP. a recessionary gap producing less than the potential real GDP. an inflationary gap having more unemployment than the natural unemployment. an inflationary gap having lower unemployment than the natural unemployment.
Chapter16: Business Cycles And Unemployment
Section: Chapter Questions
Problem 12SQ
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The structural
Group of answer choices
full employment having reached the potential real GDP.
a recessionary gap producing less than the potential real GDP.
an inflationary gap having more unemployment than the natural unemployment.
an inflationary gap having lower unemployment than the natural unemployment.
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