If Real GDP Exceeds Potential GDP,then the Unemployment Rate ________

question 39

Multiple Choice

If real GDP exceeds potential GDP,then the unemployment rate ________ the natural unemployment rate.

• A)equals
• B)is greater than
• C)is less than
• D)The premise of the question is incorrect because the relationship between real GDP and potential GDP has nothing to do with the relationship between the unemployment rate and the natural unemployment rate.
• E)The premise of the question is incorrect because real GDP can never exceed potential GDP.

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Definitions:

Nursing Services

Professional care and medical assistance provided by licensed nurses.

Demand For Accountants

The need or desire for professionals skilled in maintaining and interpreting financial records within a market or economy.

Earnings

The amount of profit that a company produces during a specific period, which is of interest to shareholders and potential investors.

Shortage Of Nurses

A situation in the healthcare sector where the demand for nursing staff significantly exceeds the supply, leading to strains on healthcare services.