At Potential Real GDP

question 87

Multiple Choice

At potential real GDP:

• A)there is zero unemployment.
• B)there is no seasonal unemployment.
• C)there is no frictional unemployment.
• D)unemployment is at its natural rate.
• E)cyclical unemployment equals approximately 5 percent.

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Definitions:

Coercive Power

A form of power that is based on the ability to deliver punishments or impose negative consequences on other people.

Legitimate Power

A form of authority derived from an individual's position or role within an organization, granting them the ability to influence others.

Referent Power

A form of influence that an individual possesses due to others' admiration, respect, or desire to identify with them.

Authority

The power or right assigned to an individual or organization to make decisions, give orders, and enforce obedience.