When an economy produces its potential output, _____ is zero. Group of answer choices seasonal unemployment disguised unemployment structural unemployment cyclical unemployment frictional unemployment
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What happens when an economy is producing at its potential output? a. There is only cyclical unemployment in the economy. b. There is no unemployment in the economy. c. There is only frictional and structural unemployment in the economy. d. There is high inflation in the economy.
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The natural rate of employment is achieved when: a. the actual rate of unemployment is equal to zero. b. the natural rate of unemployment is equal to the actual rate of unemployment. c. the quantity of labor supplied is equal to the quantity of labor demanded. d. there is no cyclical unemployment.
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