If real GDP exceeds potential GDP, then employment is -------------------- full employment and the unemployment rate is --------------------the natural unemployment rate.
A) below; above
B) equal to; equal to
C) equal to; below
D) above; above
E) above; below
Correct Answer:
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Q27: Moving along the short-run Phillips curve, if--------------------increases
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Q32: According to -------------------- , when real GDP
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