The natural rate of output is the amount of real GDP produced
A. when the economy is at the natural rate of aggregate demand.
B. when the economy is at the natural rate of unemployment.
C. when the economy is at the natural rate of investment.
D. when there is no unemployment.
Answer: B. when the economy is at the natural rate of unemployment.
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Which of the following institutions is not eligible to borrow from the Federal Reserve at the discount rate?
A) Federal government B) Commercial banks C) Credit unions D) Mutual savings banks
Studies have shown that union workers earn about
a. 10 to 20 percent more than nonunion workers in similar jobs. b. 10 to 20 percent less than nonunion workers in similar jobs. c. 40 to 50 percent more than nonunion workers in similar jobs. d. 40 to 50 percent less than nonunion workers in similar jobs.