The Structural Unemployment Rate Is 1

question 132

Multiple Choice

The structural unemployment rate is 1.3 percent,the frictional unemployment rate is 2.1 percent,and the current unemployment rate is 4.9 percent.The economy is in

• A) a recessionary gap producing less than Natural Real GDP.
• B) an inflationary gap producing more than Natural Real GDP.
• C) long-run equilibrium.
• D) an inflationary gap producing Natural Real GDP.
• E) a recessionary gap producing more than Natural Real GDP.

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