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Author Question: If unemployment is at the natural rate, then there A) is no cyclical unemployment. B) is no ... (Read 83 times)

stephzh

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If unemployment is at the natural rate, then there
 
  A) is no cyclical unemployment.
  B) is no frictional unemployment.
  C) will be cyclical and frictional unemployment but not structural unemployment.
  D) will be only cyclical unemployment.

Question 2

An expansion occurs when the level of real GDP is
 
  A) increasing.
  B) decreasing.
  C) at a cyclical peak.
  D) at a cyclical trough.



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ttt030911

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Answer to Question 1

A

Answer to Question 2

A




ttt030911

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