When the economy of a country is operating close to its full capacity unemployment is close to zero. the unemployment rate is greater than the natural rate of unemployment. O cyclical unemployment is close to zero. the unemployment rate is less than the natural rate of unemployment.
When the economy of a country is operating close to its full capacity unemployment is close to zero. the unemployment rate is greater than the natural rate of unemployment. O cyclical unemployment is close to zero. the unemployment rate is less than the natural rate of unemployment.
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 5CQ
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This is incorrect please give me a correct answer
![When the economy of a country is operating close to
its full capacity
unemployment is close to zero.
the unemployment rate is greater than the natural
rate of unemployment.
O cyclical unemployment is close to zero.
the unemployment rate is less than the natural rate
of unemployment.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5f6e974-1061-4870-9d10-9bc8f899c25b%2F28b267bb-67d5-4e9e-af15-a36e18f7b87f%2F18ic5ue_processed.jpeg&w=3840&q=75)
Transcribed Image Text:When the economy of a country is operating close to
its full capacity
unemployment is close to zero.
the unemployment rate is greater than the natural
rate of unemployment.
O cyclical unemployment is close to zero.
the unemployment rate is less than the natural rate
of unemployment.
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