ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the economy is at full employment, then the unemployment rate
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is below the natural rate of unemployment
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is equal to the natural rate of unemployment
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is equal to zero
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is greater than the natural rate of unemployment
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Explanation:
Detailed explanation-1: -The natural rate of unemployment is related to two other important concepts: full employment and potential real GDP. The economy is considered to be at full employment when the actual unemployment rate is equal to the natural rate. When the economy is at full employment, real GDP is equal to potential real GDP.
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