A Negative Output Gap Is Associated with A(n) _____ Unemployment

question 97

Multiple Choice

A negative output gap is associated with a(n) _____ unemployment rate.

• A)unusually low
• B)natural
• C)unusually high
• D)unchanged

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Definitions:

Billion

A numerical value representing one thousand million (1,000,000,000) in the short scale, and commonly used in financial contexts.

Year

A period of time consisting of 12 months or 365 days (366 in a leap year), used as a basic unit of time for calendrical purposes.

Trade Surplus

A situation in which a country's exports exceed its imports, leading to a positive balance of trade.

Export

Goods or services sold by a country to another country, contributing positively to the selling country's balance of trade.