Which of the following is true when an economy is operating at its natural rate of unemployment? There is only cyclical and structural unemployment in the economy There is only frictional and structural unemployment in the economy There is only frictional and cyclical unemployment in the economy Unemployment rate is zero and everyone is employed Submit Multiple Choice Suppose a factory added $5,000 worth of output this year. Incidentally, the waste from this factory caused $1,000 worth of loss to the neighboring waterways. As a result, gross domestic product will O increase by $5,000 increase by $4000 increase by $1,000 decrease by $4,000 O o o O

Which of the following is true when an economy is operating at its natural rate of unemployment? There is only cyclical and structural unemployment in the economy There is only frictional and structural unemployment in the economy There is only frictional and cyclical unemployment in the economy Unemployment rate is zero and everyone is employed Submit Multiple Choice Suppose a factory added $5,000 worth of output this year. Incidentally, the waste from this factory caused $1,000 worth of loss to the neighboring waterways. As a result, gross domestic product will O increase by $5,000 increase by $4000 increase by $1,000 decrease by $4,000 O o o O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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