When actual unemployment is higher than its natural rate

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1. When actual unemployment is higher than its natural rate

a.         the economy is producing above its long-run capabilities.

b.         the economy is producing at its long-run capabilities.

c.         resources are employed at levels that are not sustainable in the long run.

d.         output is lower than full-employment output.

2. The invention of new technology has increased ________ unemployment.

a.         structural                     d.         frictional

b.         cyclical                        e.         seasonal

c.         discouraged

3. When actual unemployment is higher than its natural rate

a.         the economy is producing above its long-run capabilities.

b.         the economy is producing at its long-run capabilities.

c.         resources are employed at levels that are not sustainable in the long run.

d.         output is lower than full-employment output.

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