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Q. |
If the actual rate of unemployment exceeds to natural rate of unemployment then |
A. | Actual output of the economy will fall below its potential |
B. | Production will increase more than potential |
C. | Consumption of goods decreases |
D. | Both (a) and (c) above. |
Answer» D. Both (a) and (c) above. |
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Fundamentals of Economics and ManagementNo comments yet