Describe the relationship between the unemployment rate and the natural unemployment rate as the output gap futuates between being positive and being negative When the output gap is positive. the unemployment rate the natural unemployment rate When the output gap is negative, the unemployment rate the natural unemployment rate OA is greater than, is less than OB is less than is greater than OC. is less than equals OD. equals is greater than OE sgreater than equals
Describe the relationship between the unemployment rate and the natural unemployment rate as the output gap futuates between being positive and being negative When the output gap is positive. the unemployment rate the natural unemployment rate When the output gap is negative, the unemployment rate the natural unemployment rate OA is greater than, is less than OB is less than is greater than OC. is less than equals OD. equals is greater than OE sgreater than equals
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Describe the relationship between the unemployment rate and the natural unemployment rate as the output gap flutuates between being positive and being negative
When the output gap is positive, the unemployment rate
the natural unemployment rate
When the output gap is negative, the unemployment rate
the natural unemployment rate
O A is greater than, is less than
OB. is less than, is greater than
OC. is less than equals
O D. equals. is greater than
OE is greater than, equals](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb80641e7-096d-4a06-ad11-5c9235ca65de%2F3c231737-13b1-4e64-b6f5-85bad63e3a8c%2Fhj8hgnb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Describe the relationship between the unemployment rate and the natural unemployment rate as the output gap flutuates between being positive and being negative
When the output gap is positive, the unemployment rate
the natural unemployment rate
When the output gap is negative, the unemployment rate
the natural unemployment rate
O A is greater than, is less than
OB. is less than, is greater than
OC. is less than equals
O D. equals. is greater than
OE is greater than, equals
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