If Real GDP Is ________ Than Potential GDP,employment Is ________

question 70

Multiple Choice

If real GDP is ________ than potential GDP,employment is ________ than its full-employment level and the unemployment rate rises ________ the natural unemployment rate.

• A)more;more;above
• B)less;less;above
• C)more;less;above
• D)less;less;below
• E)less;more;above

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Definitions:

Economic Values

The principles or standards guiding the allocation, distribution, and consumption of resources within a society or economy.

Conflict Management

The process of identifying and addressing differences that, if left unchecked, could affect objectives.

Domination

The exertion of control or influence over others by an individual or group, often in a way that limits freedom.

Appeasement

A diplomatic policy of making political or material concessions to an enemy or potential aggressor to avoid conflict or maintain peace.