According to the AS-AD model, when real GDP is less than potential GDP, the unemployment rate is definitely
A) equal to the natural unemployment rate.
B) rising.
C) falling.
D) greater than the natural unemployment rate.
E) less than the natural unemployment rate.
D
Economics
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Suppose an industry initially had been perfectly competitive and then became a monopoly. Which of the following would occur?
a. Consumer surplus would decrease. b. Consumer surplus would increase. c. Producer surplus would decrease. d. The deadweight loss would be eliminated.
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The international adjustment mechanism for flexible exchange rates is the same as for managed float regimes
Indicate whether the statement is true or false
Economics