When the Unemployment Rate Is Relatively High, We Can Conclude

question 88

Multiple Choice

When the unemployment rate is relatively high, we can conclude that:

• A)the economy is in the expansion phase of the business cycle.
• B)potential GDP is in excess of actual GDP.
• C)actual GDP is in excess of potential GDP.
• D)actual GDP is equal to potential GDP.

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Definitions:

Transmitter

A device that sends signals, often converted from physical measurements, to other instruments or systems for monitoring or control purposes.

Light Sensor

A device that detects light and converts it into an electrical signal.