Which of the following statements about the natural rate of unemployment is true?
A) The natural rate of unemployment declined during the 1970s.
B) An aging labor force causes the natural rate of unemployment to decline.
C) Economists are able to precisely calculate the natural rate of unemployment.
D) The natural rate of unemployment has remained constant over the past 30 years.
E) The term natural in natural rate of unemployment is meant to imply that this is the unemployment rate that the economy should always try to strive for.
Correct Answer:
Verified
Q59: Exhibit 20-1 Q60: Exhibit 20-1 Q61: Structural unemployment is defined as unemployment that Q62: Cyclical unemployment refers to that kind of Q63: As the labor force ages, the natural Q65: The natural rate of unemployment is equal Q66: The natural unemployment rate has been constant Q67: Which of the following might cause the Q68: The term natural in the phrase natural Q69: Frictional unemployment occurs because
A)it takes time to
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