When the unemployment rate the natural unemployment rate, real GDP is potential GDP and the output

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When the unemployment rate________ the natural unemployment rate, real GDP is ________ potential GDP and the output gap is ________.

A. exceeds; below; negative B. is below; below; negative C. exceeds; above; positive D. is below; above; negative

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Essential Foundations Of Economics

ISBN: 9781786633255

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 05, 2024 02:00 AM

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When the unemployment rate________ the natural unemployment rate, real GDP is ________ potential GDP and the output

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Essential Foundations Of Economics

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When the unemployment rate the natural unemployment rate, real GDP is potential GDP and the output