If the Unemployment Rate Is Less Than the Natural Unemployment

question 285

Multiple Choice

If the unemployment rate is less than the natural unemployment rate,then

• A)there is no frictional unemployment.
• B)cyclical unemployment is greater than zero.
• C)real GDP is less than potential GDP.
• D)real GDP is greater than potential GDP.
• E)frictional unemployment is negative.

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Definitions:

Personality Dimension

A measurable aspect of personality that indicates variations among individuals in terms of their typical behavior or feelings.

Risk-takers

Individuals who are willing to engage in behaviors or activities that involve a significant chance of loss or failure, often with the expectation of a potential reward.

Openness to Experience

A personality trait that reflects a person's willingness to seek out new experiences, entertain novel ideas, and display curiosity.

Big Five Model

A theory in psychology that describes personality traits across five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.