Currently, Economists Estimate That the Natural Rate of Unemployment in the United
Currently, economists estimate that the natural rate of unemployment in the United States is about
A) 10 percent.
B) 2 percent.
C) 5 percent.
D) 0 percent.
Full employment is
A) zero unemployment.
B) when the unemployment level is reduced to the goal set by Congress.
C) the unemployment level when the normal friction in the economy is taken in account.
D) when all adults looking for work can find full time occupation.
The natural rate of unemployment is the rate of unemployment that
A) all workers and employers have fully adjusted to any changes in the economy.
B) occurs when all workers find work in the economy.
C) is an unrealistic goal set by policymakers.
D) occurs when employers find more than one job applicant for each job available.
Full employment in the United States today
A) means a 100% employment rate.
B) means 0% unemployment for 6 months.
C) means about a 95% employment rate.
D) means that the cyclical unemployment rate is about 5%.