The rate of unemployment when the economy is not in recession, meaning it is producing full-potential GDP, is called – unemployment (–). If the rate of unemployment is below this, the economy is experiencing – cyclical unemployment

the natural rate of

u*

negative

Explanation:

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legislative branch:

one of the three branches of government divided between the senate and the house of representatives.

- creates or makes laws

- power to override a veto

executive branch:

one of the three branches of government, headed by the president.

- enforces or carries out laws

- power to veto a bill sent to it by congress

judicial branch:

one of the three branches of government, headed by the chief justice of the supreme court.

- interprets laws

- power to declare laws or actions by the government unconstitutional