Author Question: At potential real GDP: a. there is zero unemployment. b. there is no seasonal unemployment. c. ... (Read 68 times)

oliviahorn72 · **on:** Jun 30, 2018

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