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) 5 percent
B) 7 percent
C) 3 percent
D) 8 percent
E) 4 percent
Correct Answer:
Verified
Q66: If the economy is at full employment,
A)the
Q67: Frictional unemployment
A)is unemployment associated with normal labour
Q68: The three types of unemployment are
A)frictional, structural,
Q69: When the unemployment rate is less than
Q70: If the CPI was 128 at the
Q72: Suppose that the natural unemployment rate is
Q73: Suppose the country of Tiny Town experiences
Q74: Rochelle lost her job as a salesperson
Q75: When the unemployment rate _ the natural
Q76: If the unemployment rate is 4.5 percent
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