In Macroland, Potential Output Equals $100 Trillion and the Natural

question 19

Multiple Choice

In Macroland, potential output equals $100 trillion and the natural rate of unemployment is 4 percent. If the actual unemployment rate is 3 percent, then real GDP equals:

• A) $98 trillion.
• B) $99 trillion.
• C) $101 trillion.
• D) $102 trillion.

---

Definitions:

Women's Suffrage

The movement to grant women the right to vote, a significant chapter in the global fight for gender equality.

Civil War

A conflict between citizens of the same country, often related to differences in political, social, or economic ideologies.

1896 Presidential Campaign

The United States presidential election of 1896, where Republican William McKinley defeated Democrat William Jennings Bryan, influenced by economic issues.

Political Impact

The effect that political actions, decisions, and policies have on a community, country, or global relations.