Cyclical unemployment exists when A) frictional and structural ...

[panfilo]

Cyclical unemployment exists when
 
  A) frictional and structural unemployment is zero.
  B) real national income exceeds potential income.
  C) real GDP exceeds potential GDP.
  D) real GDP is less than potential GDP.

Question 2

In the above figure, a trough is at point ________ and a peak is at point ________.
 
  A) a; b
  B) b; c
  C) b; a
  D) d; c

[dreamfighter72]

Answer to Question 1

D

Answer to Question 2

C

[panfilo]

Thanks for the timely response, appreciate it

[mjenn52]

Wow, this really help