When there is an inflationary gap, (actual) Real GDP is __________ Natural Real GDP, and the (actual) unemployment rate is __________ the natural unemployment rate
A) greater than; less than
B) greater than; greater than
C) less than; greater than
D) less than; less than
E) less than; equal to
A
Economics
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The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed
Explain how the unemployment rate and the labor force participation rate would change.
Economics
The current value of a business firm is the present value of all its future profits
Indicate whether the statement is true or false
Economics