When the Actual Unemployment Rate Is Less Than the Natural

question 8

True/False

When the actual unemployment rate is less than the natural unemployment rate,the economy is in a recessionary gap.

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Definitions:

Direction

Guidance or instructions on how to proceed; or, the course along which something moves.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, showing the strength and direction of their relationship.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables.

Inverse Correlation

A relationship between two variables in which they move in opposite directions; as one variable increases, the other decreases.