When the Current State of the Economy Is Such That

question 11

Multiple Choice

When the current state of the economy is such that Real GDP is equal to Natural Real GDP,the economy is in ____________________ .In this situation,the (actual) unemployment rate is ___________ the natural unemployment rate,and there is ________________ in the labor market.

• A) long-run equilibrium; equal to; equilibrium
• B) inflationary; less than; a shortage
• C) long-run equilibrium; greater than; equilibrium
• D) recessionary; greater than; a surplus
• E) recessionary; less than; equilibrium

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Definitions:

Evolutionary Psychology

A theoretical approach in psychology that examines how evolutionary theory influences human thoughts, behaviors, and psychological traits.

Traits

Characteristic patterns of thought, feeling, and behavior that are relatively stable over time and across situations.

Reproductive Advantage

The genetic or behavioral characteristics that enhance an organism’s chances of reproducing and passing on its genes to the next generation.

Gender Differences

Variations in characteristics, behaviors, or roles typically associated with being male or female.