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Read the excerpt from this patient's health record: HPI
Ms) Cloud is a 58-year-old woman who first presented to her ophthamologist with c/o leukocoria.She was also noted to have nystagmus and strabismus.She was diagnosed with a cataract.She was treated surgically with cataract extraction and lens implantation.She was admitted to the hospital on 6/23/2015 for postoperative observation.
Which of the following statements is TRUE?
Actual Unemployment
The current level of unemployment in the economy, reflecting the number of people who are actively seeking employment but are without jobs.
Natural Rate
The level of economic activity, particularly unemployment or interest rates, that corresponds to the economy's long-term equilibrium without short-term cyclical fluctuations.
Potential Output
Potential output is the maximum amount of goods and services an economy can produce when it is most efficient and fully employed, without causing inflation.
Expansionary Gap
A situation where real GDP exceeds potential GDP, often leading to inflationary pressures due to high demand in an economy.
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