Happens when the economy is producing at its potential and unemployment is at the natural rate of unemployment.

Question

Brayden Phelps

Social Studies

25 January, 23:16

Happens when the economy is producing at its potential and unemployment is at the natural rate of unemployment.

+3

Answers (1)

Know the Answer?

Isla Burton · Answer 1

Full employment GDP Happens when the economy is producing at its potential and unemployment is at the natural rate of unemployment.

The Full employment GDP is the term that is used to describe a very ideal condition of economy, when the total economic input and output perform at their full potential