Cyclical unemployment exists when
A. frictional and structural unemployment is zero.
B. real national income exceeds potential income.
C. real GDP exceeds potential GDP.
D. real GDP is less than potential GDP.
Answer:D
Cyclical unemployment exists when
A. frictional and structural unemployment is zero. B. real national income exceeds potential income. C. real GDP exceeds potential GDP. D. real GDP is less than potential GDP.