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Which of the following conditions is most true during a recession:
a. The natural rate of unemployment will increase dramatically.
b. Output (real GDP) will be increasing.
c. Actual output will exceed potential output.
d. Potential output will exceed actual output.
【正确答案】D
【答案解析】
Choice "d" is correct. During a recession, potential output (real GDP) will exceed actual output (real GDP).
Choice "b" is incorrect. Real GDP is falling during a recession.
Choice "a" is incorrect. The natural rate of unemployment will not be affected by the various phases of the business cycle. Actual unemployment will change with the cycle.
Choice "c" is incorrect. Actual output will not exceed potential output except at the peak of the cycle, and perhaps not then.
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