The Unemployment Rate

question 138

Multiple Choice

The unemployment rate

• A)is not related to the level of real GDP.
• B)increases as real GDP decreases.
• C)decreases as real GDP decreases.
• D)increases as real GDP increases.
• E)increases only if real GDP is below potential.

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Definitions:

Consideration

Consideration in law refers to something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Gift

A voluntary transfer of property made without consideration, past or present.

Accession

The act of acquiring or adding something, especially to property or land, through natural means or as a result of the owner's actions.

Property Owner

An individual or entity that legally owns land or real estate.