Question 7 1 points Save Ansy The natural rate of unemployment represents the lowest unemployment rate, whereby inflation is stable. Many consider a 4.2% to 5% unemployment rate to be full employment and not particularly concerning. But, the current unemployment rate is 3.6%, which may be sign of an overheated economy. If the short-run equilibrium is at a level of unemployment below its natural rate, then the output (real income) is full employment, and in the transition to the long-run equilibrium, one could expect that prices will : and real GDP will O a. above; decrease; decrease O b. above; increase; decrease O c. below; increase; increase O d. below, decrease; increase