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The Table Below Shows Real GDP, Potential GDP and the Unemployment

question 94

Multiple Choice

The table below shows real GDP, potential GDP and the unemployment rate for a hypothetical economy. The table below shows real GDP, potential GDP and the unemployment rate for a hypothetical economy.   TABLE 31- 1 -Refer to Table 31- 1. The variations in the unemployment rate between 2003 and 2011 are due to variations in A) potential output. B) structural unemployment. C) frictional unemployment. D) the NAIRU. E) the output gap. TABLE 31- 1
-Refer to Table 31- 1. The variations in the unemployment rate between 2003 and 2011 are due to variations in


Definitions:

Broca's Area

A region in the frontal lobe of the brain associated with speech production.

Left Frontal Lobe

A region of the brain located in the front left part of the cerebral hemisphere, associated with reasoning, motor skills, higher level cognition, and expressive language.

Temporal Lobe

A region of the cerebral cortex involved in processing auditory information and encoding memory.

Right Frontal Lobe

The right section of the frontal lobe of the brain, associated with managing and manipulating information, as well as aspects of creative thought and problem solving.

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