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

Author Question: In 2012, real GDP in the United States was below potential GDP. This fact definitely means that ... (Read 71 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
In 2012, real GDP in the United States was below potential GDP. This fact definitely means that
 
  A) the unemployment rate was near 10 percent.
  B) the unemployment rate was above the natural unemployment rate.
  C) the economy was in an expansion.
  D) cyclical unemployment had been decreasing.
  E) frictional unemployment was negative.

Question 2

At full employment there still exists some unemployment because
 
  A) some portion of our population will always be too lazy to work.
  B) there are always people too old or young to be in the labor force.
  C) the U.S. economy is constantly creating and destroying jobs.
  D) it is unnatural to have all people work 40 hours per week.
  E) real GDP can never exceed potential GDP.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mochi09

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

B

Answer to Question 2

C




Medesa

  • Member
  • Posts: 507
Reply 2 on: Jun 29, 2018
Excellent


ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

For a complete list of videos, visit our video library