Author Question: In September 2012 the U.S. unemployment rate was 7.8 percent while the natural unemployment rate was ... (Read 107 times)

krzymel · **on:** Jun 29, 2018

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