Figure 1-2 -When the Actual Real GDP Exceeds the Natural Real GDP

question 15

Multiple Choice

Figure 1-2
-When the actual real GDP exceeds the natural real GDP as in the figure above, we expect to find that unemployment is

• A) high and inflation is high.
• B) low and inflation is high.
• C) low and inflation is low.
• D) high and inflation is low.

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Definitions:

Energetic Supporters

Individuals or groups that actively and passionately support a cause, movement, or individual.

James Winthrop

An American lawyer and anti-Federalist from the late 18th century, known for his writings under the pseudonym "Agrippa" opposing the ratification of the United States Constitution.

New Constitution

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