The Higher the Rate of Unemployment

question 64

Multiple Choice

The higher the rate of unemployment,

• A) the larger is the GDP gap.
• B) the smaller is the GDP gap.
• C) the higher is the level of actual GDP.
• D) the lower is the level of potential GDP.

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Definitions:

Lincoln's Thinking

The ideologies, beliefs, and policies of Abraham Lincoln, the 16th President of the United States, especially his views on slavery, democracy, and national unity.

Civil War

A war between groups within the same country or state, often characterized by intense violence and lasting social and economic impact.

Emancipation Proclamation

An executive order issued by President Abraham Lincoln in 1863 that declared the freedom of slaves in the Confederate states.