(Solution) If The Real GDP In A Country Is At A Higher Output Level Than Full Employment Output, Then Which Of The Following Is True? | Snapessays.com


(Solution) If the real GDP in a country is at a higher output level than full employment output, then which of the following is true?


If the real GDP in a country is at a higher output level than full employment output, then which of the following is true?i. The unemployment rate is greater than the natural rate.ii. The unemployment rate is lower than the natural rate. iii. The cyclical unemployment rate is positive.iv. The cyclical unemployment rate is negative.

 


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This question was answered on: May 23, 2022

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