If the Economy Is Represented in the Graph Shown and Is

question 37

Multiple Choice

If the economy is represented in the graph shown and is currently at point E₃, what could be said about the state of the economy?

• A) There is higher unemployment than the natural rate.
• B) There is lower unemployment than the natural rate.
• C) The unemployment rate is just about the natural rate.
• D) The unemployment rate is zero.

---

Definitions:

Z-Scores

Standardized scores that indicate the number of standard deviations an element is from the mean of its distribution.

Standard Deviations

A measure that quantifies the amount of dispersion or variation of a set of data values from the mean.

Z-Scores

Standardized scores that indicate how many standard deviations an element is from the mean of its data set.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the set depart from the mean.