Monetary policy can influence interest rates, which in turn can change spending

Refer to the information for this hypothetical economy provided in Table 20.2 below to answer the question(s) that follow.Table 20.2  2014  2015  2016QuarterIIIIIIIVIIIIIIIVIIIIIIIVOutput98949010210510811010397949090Refer to Table 20.2. We would expect the period from after the fourth quarter of 2014 until before the third quarter of 2015 to be categorized as a period of

A. low inflation. B. low unemployment. C. high unemployment. D. low production.

Estimates for the ________ rate of unemployment that routinely occurs in the United States range from 4 to 6 percent.

A. structural B. cyclical C. frictional D. natural