Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 1968 there had been an inflationary gap for three years.If the full employment rate of unemployment was 4%, then the unemployment rate in 1966
In 1968 there had been an inflationary gap for three years.If the full employment rate of unemployment was 4%, then the unemployment rate in 1966 to 1968 was:
Group of answer choices:
a) one can't tell from an inflationary gap.
b) lower than 4%.
c) equal to 4%.
d) higher than 4%.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started