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  • 06-10-2021
  • Business
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when an economy is in equilibrium at potential gross domestic product, the actual unemployment rate is

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  • 08-10-2021

Answer:

If an economy is said to be in long-run equilibrium, then Real GDP is at its potential output, the actual unemployment rate will equal the natural rate of unemployment (about 6%), and the actual price level will equal the anticipated price level.

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