The unemployment rate was increasing from 6 percent to 7 percent could be interpreted as an increase in the natural rate of

Question

Quizplus · Accepted Answer

The unemployment rate increasing from 6 percent to 7 percent indicates an increase in the number of individuals who are looking for jobs but are unable to find them. This suggests a rise in the natural rate of unemployment, which is the minimum level of unemployment that can exist in an economy due to factors such as structural changes or changing demographics. Therefore, the correct answer is B - unemployment.

The Unemployment Rate Was Increasing from 6 Percent to 7