Was this economy in a recession or expansion

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Assignment:

During Year 2010, was this economy in a recession or expansion?

A. Expansion, because the number of "Structural" Unemployment is less than "Frictional" unemployment.

B. Expansion, because the number of "Discouraged Workers" is less than 3% of the labor force.

C. Recession, because "Structural Unemployment" is positive.

D. Recession, because the current U-rate > NRU (natural rate of unemployment).

Reference no: EM133611682

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