If the Actual Unemployment Rate Is One Percentage Point Less

question 9

Multiple Choice

If the actual unemployment rate is one percentage point less than the NAIRU, then

• A)actual GDP is less than potential GDP.
• B)actual and potential GDP are equal.
• C)potential GDP will contract until it equals actual GDP.
• D)actual GDP is greater than potential GDP.
• E)potential GDP will expand permanently.

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Definitions:

Organizational Rules

The policies, guidelines, and regulations that govern the operations and behavior within a company or institution.

Norms

Shared standards or rules that guide and constrain behavior within a group or society.

Memoranda

Written notes or reminders used in business and professional contexts, also referring to official documents and communications between entities.

Manuals

Instructional guides that provide specific information on how to use or operate something.