If Actual GDP Equals Potential GDP, Then

question 1

Multiple Choice

If actual GDP equals potential GDP, then:

• A)the actual unemployment rate is greater than the natural rate of unemployment.
• B)the actual unemployment rate equals the natural rate of unemployment.
• C)the actual unemployment rate is less than the natural rate of unemployment.
• D)there is a recessionary gap.

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Definitions:

Byte

Eight binary digits (bits).

Bits Of Data

The smallest units of data in computing, representing a binary value of either 0 or 1.

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A device that allows multiple peripherals to connect to a single port on a computer or other device, expanding its connectivity.

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Universal Serial Bus ports, used for connecting various devices to a computer such as keyboards, mouse devices, printers, and external hard drives.