The economy is currently operating at a point on its physical production possibilities frontier (physical PPF). It is
A) producing Natural Real GDP and operating below the natural unemployment rate.
B) producing more than Natural Real GDP and operating above the natural unemployment rate.
C) producing more than Natural Real GDP and operating below the natural unemployment rate.
D) in long-run equilibrium.
C
Economics
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Everyone who is unemployed is covered and can receive benefits from unemployment insurance
Indicate whether the statement is true or false
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Which would cause a leftward shift in the supply curve for telephone service?
a. A decrease in the price of telephones b. An increase in the wage of telephone workers c. An increase in consumer incomes in the economy d. An improvement in telephone technology
Economics