When the Unemployment Rate Is Equal to Its Natural Rate-That

question 106

Multiple Choice

When the unemployment rate is equal to its natural rate-that is,no cyclical unemployment exists-the output level produced in the economy is

• A) always increasing.
• B) at full-employment output.
• C) below full-employment output.
• D) above full-employment output.
• E) always decreasing.

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Definitions:

All-or-none Response

A principle that states a neuron either fires at full strength or not at all in response to stimulation.

Action Potential

An action potential is a rapid rise and subsequent fall in voltage or membrane potential across a cellular membrane that is characteristic of excitable cells, such as neurons, as a means of transmission of neural information.

Graded Response

A response that varies in magnitude according to the intensity of the stimulus.

Repolarization

The process of restoring the resting state in a neuron or muscle cell after depolarization, typically signifying the recovery phase of an action potential.