If the Natural Unemployment Rate Is 5

question 99

Multiple Choice

If the natural unemployment rate is 5.5 percent,then the economy is in a recessionary gap when the actual unemployment rate is

• A) more than 5.5 percent.
• B) between 0 and 5.5 percent.
• C) 0 percent.
• D) 5.5 percent.

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Definitions:

United States

A country located in North America, consisting of 50 states and a federal district, known for its diverse geography and economy.

Portugal

A country located in Southern Europe on the Iberian Peninsula, known for its long history, cultural heritage, and maritime explorations.

Exchange Rate

The value of one country's currency expressed in terms of another country's currency.

United States

A country located in North America, consisting of 50 states and known for its large economy and diverse population.