If the Actual Unemployment Rate Is Equal to the NAIRU,then

question 32

Multiple Choice

If the actual unemployment rate is equal to the NAIRU,then

• A)actual GDP will be higher than potential GDP.
• B)actual GDP will be below potential GDP.
• C)potential GDP will expand permanently.
• D)the unemployment rate is 0%.
• E)actual and potential GDP are equal.

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Definitions:

Independent Variable

An independent variable is one that is manipulated or categorised to observe its effect on a dependent variable.

New Yorkers

Residents or natives of New York City or the state of New York.

Dependent Variable

The variable in an experiment or study that is expected to change as a result of manipulations to the independent variable.

Telecommuting Policies

Guidelines that govern the practices and conditions under which employees can work from locations outside the traditional office.