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%
Correct Answer:
Verified
Q102: Which of the following is an example
Q103: The economy in a particular country is
Q104: When subprime mortgage loans were first sold,
Q105: Which of the following reduces the duration
Q106: Which of the following is a source
Q108: Unemployment that results from a mismatch between
Q109: While calculating real GDP, market prices are
Q110: The natural rate of unemployment:
A) is generally
Q111: What does the phrase "jobless recovery" refer
Q112: Which of the following would tend to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents