The economy is considered to be at its potential output when the only unemployment is structural or frictional.
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Q25: Periods of extreme hyperinflation are the result
Q26: Economists fear deflation because:
A) falling prices make
Q27: Deflation during a recession is of concern
Q28: The practice of clipping coins by feudal
Q29: Clipping coins created inflation because:
A) it decreased
Q31: From 2001 to 2015, the U.S. economy
Q32: During recent years the U.S. unemployment rate
Q33: The business cycle is best defined as
Q34: The unemployment rate is equal to the
Q35: The economy's GDP gap is negative when
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