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"FOR MORE CLASSES VISIT<br>www.tutorialoutlet.com<br>1. Which of the following is not true?<br> Unemployment is at the natural rate when output equals potential output, and workers are working at normal intensity."<br>
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UNEMPLOYMENT IS AT THE NATURAL RATE WHEN OUTPUT EQUALS POTENTIAL OUTPUTTUTORIALOUTLET.COM
Unemployment is at the natural rate when output equals potential output FOR MORE CLASSES VISIT www.tutorialoutlet.com • Which of the following is not true?(a)Unemployment is at the natural rate when output equals potential output, and workers are workingat normal intensity.(b) The output gap is the percentage difference between actual and potential output:Output gap = Ỹ = (Y-Y*)/Y*, Where Y* refers to potential output, and Y refers to actual output
UNEMPLOYMENT IS AT THE NATURAL RATE WHEN OUTPUT EQUALS POTENTIAL OUTPUTTUTORIALOUTLET.COM