41.9k views
5 votes
If the natural rate of unemployment is 5.2 percent and the actual rate of unemployment is 5.7 percent, then by definition there is

User JohannesH
by
9.3k points

1 Answer

3 votes
If the actual rate is higher than the natural rate, the economy is in a recession (also know as a slump).

... by definition there is a recession.
User Mateusz Gebroski
by
8.0k points

No related questions found