This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is true? a. At the natural rate of unemployment, the economy is considered ... (Read 439 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
Which of the following is true?
 a. At the natural rate of unemployment, the economy is considered to be at full employment.
 b. At full employment, the economy is producing at its potential output.
 c. If unemployment is greater than its natural rate, the economy is producing at less than its potential output.
  d. All of the above are true.

Question 2

Which of the following is true?
 a. At below the natural rate of unemployment, the economy is considered to be beyond full employment.
  b. At below full employment, the economy is producing more than potential output.
 c. At below full employment, unemployment would be below its natural rate.
 d. All of the above are true.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

d

Answer to Question 2

b




HCHenry

  • Member
  • Posts: 591
Reply 2 on: Jun 30, 2018
Wow, this really help


juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

For a complete list of videos, visit our video library