If the Professional Opinions of Economists Regarding the Natural Rate

question 49

Multiple Choice

If the professional opinions of economists regarding the natural rate of unemployment vary between 4.5 and 6 percent, then when the actual rate of unemployment equals 5 percent:

• A)the natural rate of unemployment equals 5 percent.
• B)there is a recessionary gap.
• C)there is an expansionary gap.
• D)there could be either an expansionary or recessionary gap, or the economy could be at potential output depending on the accuracy of measurement.

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Definitions:

Human Genome

The complete set of nucleic acid sequences for humans, encoded as DNA within the 23 chromosome pairs in cell nuclei and in a small DNA molecule found within individual mitochondria.

Gene Expression

The process by which the information encoded in a gene is used to direct the assembly of a protein molecule.

Epigenetic Marks

Biological modifications to DNA and histones that influence gene expression without altering the DNA sequence.

Genetic Profile

A comprehensive analysis of an individual's DNA that identifies unique genetic markers, used for various purposes including medical diagnosis and ancestral tracing.