At potential real GDP: a. there is zero unemployment. b. there ...

[oliviahorn72]

At potential real GDP:
 a. there is zero unemployment.
  b. there is no seasonal unemployment.
  c. there is no frictional unemployment.
  d. unemployment is at its natural rate.
  e. cyclical unemployment equals approximately 5 percent.

Question 2

Living in a world of scarcity involves trade-offs.
 a. True
  b. False
  Indicate whether the statement is true or false

[mjenn52]

Answer to Question 1

d

Answer to Question 2

True

[oliviahorn72]

Thanks for the timely response, appreciate it

[cam1229]

Excellent