4. When the actual unemployment rate is likely to fall below the natural rate of unemployment, we can expect that inflation is speeding up and real GDP is likely to exceed natural GDP. inflation is slowing down and real GDP is likely to fall below natural GDP. inflation is speeding up and natural GDP is likely to exceed real GDP. inflation is slowing down and real GDP is likely to exceed natural GDP.

4. When the actual unemployment rate is likely to fall below the natural rate of unemployment, we can expect that inflation is speeding up and real GDP is likely to exceed natural GDP. inflation is slowing down and real GDP is likely to fall below natural GDP. inflation is speeding up and natural GDP is likely to exceed real GDP. inflation is slowing down and real GDP is likely to exceed natural GDP.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: Money Growth And Intlation

Section: Chapter Questions

Problem 6PA

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