1. When actual unemployment is higher than its natural rate
a. the economy is producing above its long-run capabilities.
b. the economy is producing at its long-run capabilities.
c. resources are employed at levels that are not sustainable in the long run.
d. output is lower than full-employment output.
2. The invention of new technology has increased ________ unemployment.
a. structural d. frictional
b. cyclical e. seasonal
c. discouraged
3. When actual unemployment is higher than its natural rate
a. the economy is producing above its long-run capabilities.
b. the economy is producing at its long-run capabilities.
c. resources are employed at levels that are not sustainable in the long run.
d. output is lower than full-employment output.
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