A Negative Output Gap Implies an Unemployment Rate

question 95

Multiple Choice

A negative output gap implies an unemployment rate:

• A)above the natural rate.
• B)below the natural rate.
• C)equal to the natural rate.
• D)that equals the frictional and structural amounts of unemployment.

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Definitions:

Reactivity

The tendency of a substance to undergo chemical reaction, either by itself or with other materials.

Substrates

The substances on which an enzyme acts during a biochemical reaction.

PhBr

Bromobenzene, an aromatic compound where a bromine atom is bonded to a benzene ring.

Major Organic Product

The primary product of an organic reaction that is formed in the greatest amount compared to other products.