Which of the following is true of unemployment?
A) The natural rate of unemployment is present when the economy is operating at full employment.
B) The natural rate of unemployment is equal to the number of persons unemployed divided by the number of persons in the labor force.
C) The natural rate of unemployment is primarily the result of the ups and downs of the business cycle.
D) Public policy cannot influence the natural rate of unemployment.
Correct Answer:
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Q27: During a recession, which of the following
Q28: If unemployment in the United States was
Q29: Which of the following about potential GDP
Q30: Which of the following is a true
Q31: Full employment is the situation in which
Q33: In a modern dynamic economy such as
Q34: Economists define full employment as the level
Q35: The economy is considered to be at
Q36: Actual GDP will be below potential GDP
A)
Q37: When the rate of cyclical unemployment is
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