An economy's natural rate of unemployment is the
A) lowest rate of unemployment the economy can achieve.
B) rate associated with the highest possible level of GDP.
C) unemployment created by wages set above the equilibrium level.
D) amount of unemployment that does not go away on its own.
Correct Answer:
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Q283: Since unemployment rates are consistently higher in
Q284: The natural rate of unemployment
A)varies less than
Q285: To be counted as "employed" in the
Q287: Suppose that there is an excess supply
Q289: Sheila is on temporary layoff. The Bureau
Q290: Suppose that a large number of people
Q291: The amount of unemployment varies
A)little over time
Q292: Kamila was absent from work because of
Q293: Cyclical unemployment refers to
A)how often a worker
Q297: What is the theory of efficiency wages?
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