In the Last Half of 1999,the U

question 17

Multiple Choice

In the last half of 1999,the U.S.unemployment rate was about 4 percent.Historical experience suggests that this is

• A)above the natural rate,so real GDP growth was likely low.
• B)above the natural rate,so real GDP growth was likely high.
• C)below the natural rate,so real GDP growth was likely low.
• D)below the natural rate,so real GDP growth was likely high.

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Definitions:

Human-Made

Created, caused, or influenced by humans rather than occurring in nature; synthetic or artificial.

Crystalline Solid

A solid material whose constituents, such as atoms, molecules, or ions, are arranged in an orderly repeating pattern.

Volcanic Glass

A type of rock that forms when lava cools too quickly for crystals to form, resulting in a smooth, glassy texture.

Crystals

Solid materials whose atoms are arranged in a highly ordered, repeating pattern extending in all three spatial dimensions.