Figure 9-2
Which of the following is true for the economy depicted in ?
a.
Potential output exceeds y1.
b.
When output y1 is achieved, the actual rate of unemployment will exceed the natural rate of unemployment.
c.
When output y1 is achieved, the actual rate of unemployment will be less than the natural rate of unemployment.
d.
When output y1 is achieved, the actual rate of unemployment will equal the economy's natural rate of unemployment.
d
Economics
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