In September 2012 the U.S. unemployment rate was 7.8 percent ...

[krzymel]

In September 2012 the U.S. unemployment rate was 7.8 percent while the natural unemployment rate was 6 percent. The U.S. economy
 
  A) had a negative output gap.
  B) had a positive output gap.
  C) had an output gap of zero.
  D) was at full employment.

Question 2

In the above figure, which point represents an economy which is at the peak part of a business cycle?
 
  A) point F
  B) point G
  C) point I
  D) point K

[Anonymous]

Answer to Question 1

A

Answer to Question 2

A

[krzymel]

TYSM

[sultansheikh]

Excellent