Which of the Following Is True

question 52

Multiple Choice

Which of the following is true?

• A)​At the natural rate of unemployment, the economy is considered to be at full employment.
• B)​At full employment, the economy is producing at its potential output.
• C)​If unemployment is greater than its natural rate, the economy is producing at less than its potential output.
• D)​All of the above are true.

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Definitions:

Tar Sands

Naturally occurring mixtures of sand or clay, water, and an extremely dense and viscous form of petroleum technically referred to as bitumen.

Oil Seep

The seepage of liquid petroleum at the surface.

Tar Pits

Natural deposits where a form of petroleum called bitumen seeps to the surface, creating pools of tar known for preserving ancient biological specimens.

Unconformity

The contact zone between unlike strata groups, marking a historical period of erosive activity or absence of sediment deposition.