When the unemployment rate is less than the natural unemployment rate
A) the output gap is positive.
B) is possible because it is impossible for the unemployment rate to be less than the natural rate.
C) the output gap equals zero. the output gap is negative.
D) None of the above.
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Home » Social Studies » When the unemployment rate is less than the natural unemployment rate A) the output gap is positive. B) is possible because it is impossible for the unemployment rate to be less than the natural rate. C) the output gap equals zero.