Price Level FIGURE 30-2 le Select one: 60 OA. 1 only OR 2 only OC 3 only OD. 1 and 2 Y' A$1 ASO AD1 ADO Refer to Figure 30-2. At Eg, the unemployment rate is 5.6%. Therefore, 1) the NAIRU is 5.6%; 2) cyclical unemployment is 5.6%; 3) the economy is at full unemployment. Real GDP

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Price Level
FIGURE 30-2
160
82
Select one:
OA 1 only
OB 2 only
OC 3 only
OD. 1 and 2
OE
1 and 3
50
Y'
A$₁
AD1
ADO
Real GDP
Refer to Figure 30-2. At Eg, the unemployment rate is 5.6%. Therefore,
1) the NAIRU is 5.6%;
2) cyclical unemployment is 5.6%;
3) the economy is at full unemployment.
6:31 PM
Transcribed Image Text:Price Level FIGURE 30-2 160 82 Select one: OA 1 only OB 2 only OC 3 only OD. 1 and 2 OE 1 and 3 50 Y' A$₁ AD1 ADO Real GDP Refer to Figure 30-2. At Eg, the unemployment rate is 5.6%. Therefore, 1) the NAIRU is 5.6%; 2) cyclical unemployment is 5.6%; 3) the economy is at full unemployment. 6:31 PM
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