Which statement is likely to be TRUE if actual output equals potential output?
A) The actual unemployment rate equals the equilibrium unemployment rate
B) The actual unemployment rate equals the equilibrium unemployment rate.
C) The actual unemployment rate is above the equilibrium unemployment rate
D) The actual unemployment rate is above the equilibrium unemployment rate.
E) There is zero unemployment
F) There is zero unemployment.
G) The equilibrium unemployment rate is above the actual unemployment rate
H) The equilibrium unemployment rate is above the actual unemployment rate.
Correct Answer:
Verified
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