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When the Unemployment Rate Is Less Than the Natural Unemployment

question 121

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When the unemployment rate is less than the natural unemployment rate, real GDP is ________ than potential GDP and the output gap is ________.


Definitions:

Operating Assets

Resources owned by a business that are used in its day-to-day operations to generate revenues, including both physical and intangible assets.

Return On Investment (ROI)

A measure of the profitability of an investment, calculated as the net profit from the investment divided by the cost of the investment.

Return On Investment (ROI)

A measure of profitability calculated by dividing net profit by the cost of investments.

Return On Investment (ROI)

A performance measure used to evaluate the efficiency of an investment by comparing its gain to its cost.

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