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AP® Macroeconomics

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Long-Run Equilibrium and the Natural Rate of Unemployment

APMACR-SMEVBF

If Country X is in long-run macroeconomic equilibrium, how does their actual rate of unemployment compare to their natural rate of unemployment?

A

The actual rate of unemployment would be significantly lower than the natural rate.

B

The actual rate of unemployment would be slightly lower than the natural rate.

C

The actual rate of unemployment would be equal to the natural rate.

D

The actual rate of unemployment would be slightly higher than the natural rate.

E

The actual rate of unemployment would be significantly higher than the natural rate.