If a Nation Liberalizes Its Immigration Laws and Receives a Significant
If a nation liberalizes its immigration laws and receives a significant influx of young workers:
A) the natural rate of unemployment is likely to increase.
B) the natural rate of unemployment is likely to decrease.
C) the natural rate of unemployment is unlikely to change.
D) frictional unemployment is likely to decrease.
A country's frictional unemployment rate is 3%, the natural unemployment rate is 5.5%, and the cyclical unemployment rate is 2.4%. The structural unemployment rate is _____ and the unemployment rate is _____.
A) 3%; 7.9%
B) 2.5%; 7.9%
C) 2.5%; 5.4%
D) 2.4%; 5.4%
A country's structural unemployment rate is 3.2%, the natural unemployment rate is 5.6%, and the cyclical unemployment rate is 4.7%. The frictional unemployment rate is _____ and the unemployment rate is _____.
A) 2.4%; 5.6%
B) 2.4%; 10.3%
C) 5.6%; 13.5%
D) 7.9%; 12.6%
The economy in a particular country is booming. Real GDP is growing at a rate of 6% per year, well above the average growth rate. Under these circumstances, which of the following types of unemployment is most likely to be the lowest?
A) Frictional unemployment
B) Cyclical unemployment
C) Structural unemployment
D) Involuntary unemployment