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Sphinxa [80]
3 years ago
15

Suppose that the current unemployment rate is 3.1%. According to the classical economists,

Social Studies
1 answer:
lesantik [10]3 years ago
3 0

According to classical economists, the economy always operates close to or on its institutional PPF.

Explanation:

<u>The structural unemployment rate is 2.3 percent, the frictional unemployment rate is 2.4 percent, and the current unemployment rate is 3.1 percent. The economy i</u><u>s in an inflationary gap producing more than Natural Real GDP</u>

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