If an economy is achieving the goals of full employment and price level stability, then: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b C the unemployment rate is equal to the natural rate of unemployment and inflation rate is in the range of 2%. both the unemployment rate and the inflation rate must be equal to 0%. all people willing and able to work have a job and nominal incomes are increasing by at least the rate of inflation. Your answer it is likely that the economy is on the brink of a recession because the two goals cannot be met at the same time.
If an economy is achieving the goals of full employment and price level stability, then: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b C the unemployment rate is equal to the natural rate of unemployment and inflation rate is in the range of 2%. both the unemployment rate and the inflation rate must be equal to 0%. all people willing and able to work have a job and nominal incomes are increasing by at least the rate of inflation. Your answer it is likely that the economy is on the brink of a recession because the two goals cannot be met at the same time.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![If an economy is achieving the goals of full employment and price level stability, then:
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
b
C
the unemployment rate is equal to the natural rate of unemployment and inflation rate is in the range of 2%.
both the unemployment rate and the inflation rate must be equal to 0%.
all people willing and able to work have a job and nominal incomes are increasing by at least the rate of
inflation.
Your answer
it is likely that the economy is on the brink of a recession because the two goals cannot be met at the same time.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F328d08a1-5d1a-45e1-85ca-c3250b3bbba7%2Fe4dba55f-a022-4295-aa38-9411619f3ad8%2Ffctwid_processed.png&w=3840&q=75)
Transcribed Image Text:If an economy is achieving the goals of full employment and price level stability, then:
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
b
C
the unemployment rate is equal to the natural rate of unemployment and inflation rate is in the range of 2%.
both the unemployment rate and the inflation rate must be equal to 0%.
all people willing and able to work have a job and nominal incomes are increasing by at least the rate of
inflation.
Your answer
it is likely that the economy is on the brink of a recession because the two goals cannot be met at the same time.
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