Figure 28-2
-Refer to Figure 28-2. At which point is the unemployment rate equal to the natural rate of unemployment?

Name: Figure 28-2 -Refer to Figure 28-2. At which point is the unemployment rate equal to the natural rate of unemployment?
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Question

Figure 28-2 
-Refer to Figure 28-2. At which point is the unemployment rate equal to the natural rate of unemployment?

Quizplus · Accepted Answer

The natural rate of unemployment is the unemployment rate that exists when the economy is at full employment. At point A, the unemployment rate is equal to the natural rate of unemployment because the economy is at full employment.

Figure 28-2 -Refer to Figure 28-2. at Which Point Is the Unemployment