Figure 1-2 -When the Actual Real GDP Exceeds the Natural Real GDP

question 17

Multiple Choice

Figure 1-2

-When the actual real GDP exceeds the natural real GDP as in Figure 1-2 above,we expect to find that unemployment is

• A)high and inflation is high.
• B)low and inflation is high.
• C)low and inflation is low.
• D)high and inflation is low.

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Definitions:

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Henry L. Gantt was an American mechanical engineer and management consultant who developed the Gantt chart, a graphical scheduling tool for project management.

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