Suppose the economy is experiencing frictional unemployment of 1 percent, structural unemployment of 3 percent and cyclical unemployment of 4 percent. What is the natural unemployment rate?
A) 3 percent
B) 4 percent
C) 5 percent
D) 7 percent
Correct Answer:
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Q226: The unemployment rate generally falls during _
Q227: When more labor is unemployed than the
Q228: When cyclical unemployment increases and other things
Q229: At the natural unemployment rate, there is
Q230: Suppose that the unemployment rate equals 4.5
Q232: The natural unemployment rate
A) estimated to be
Q233: If unemployment equals the natural unemployment rate,
Q234: Cyclical unemployment exists when
A) frictional and structural
Q235: If the economy is at full employment
A)
Q236: When the economy moves into and out
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