The frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the current unemployment r

Question

sergey [27]

3 years ago

6

The frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the current unemployment r

ate (in the economy) is 5.6. The economy is in

Business

1 answer:

kati45 [8] · Answer 1 · 2022-07-05T10:51:01+03:00

If the frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the current unemployment rate (in the economy) is 5.6, then the economy is in a recessionary gap producing natural real gdp.

<span>A </span>recessionary gap, or contractionary gap, is a macroeconomic term which refers to the difference between actual and potential production in an economy.<span>

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