The natural level of real GDP is that level of
A) real GDP at which the price level will continue increasing.
B) nominal GDP at which the price level will remain constant.
C) real GDP at which there is no tendency for inflation to accelerate or decelerate.
D) Nominal real GDP at which the price level will continue to decrease.
C
Economics
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Full employment is defined by most economists as the minimization of
a. cyclical unemployment. b. frictional unemployment. c. seasonal unemployment. d. structural unemployment.
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