Which group of economists argues that the stock market crash of 1929 significantly reduced wealth, causing consumption to fall and resulting in a significant downturn in residential construction and investments?

Suppose the natural unemployment rate equals 6 percent and the current unemployment rate is 8 percent. We can conclude that

A) there is no structural unemployment. B) there is no frictional unemployment. C) there is no cyclical unemployment. D) full employment is not occurring.

In Figure 6.1, which area represents an expansion? 

A. A B. C C. D D. E