Using a neoclassical model, what will the level of cyclical unemployment be when an economy is producing at potential GDP?
A. zero
B. never 0%
C. 1% – 3%
D. 3% – 5%
Answer:A
Using a neoclassical model, what will the level of cyclical unemployment be when an economy is producing at potential GDP?
A. zero B. never 0% C. 1% – 3% D. 3% – 5%
Explanation: Type: Multiple Choice