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Unemployment rate ____ when the real GDP equals potential GDP. Question 11 Select one: A. equals only the rate of frictional unemployment B. is at
Unemployment rate ____ when the real GDP equals potential GDP. Question 11 Select one: A. equals only the rate of frictional unemployment B. is at the natural rate of unemployment C. is zero D. is less than the rate of cyclical unemployment E. equals labour force participation rateCreative destruction has which of the following benefits? Question 14 Select one: A. inefficient consumers are discouraged. B. inefficient workers are discouraged. C. inefficient businesses stop operating. D. the stock of inputs increases more quickly. E. supply responds quickly to the destruction of the capital stock
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