If the full-employment rate of unemployment is 5 percent,and the economy is experiencing a 7 percent unemployment rate,what is the rate of cyclical unemployment?
A) 7 percent
B) 12 percent
C) -2 percent
D) 5 percent
E) 2 percent
Correct Answer:
Verified
Q129: Which of the following is the best
Q130: The primary macroeconomic cost of unemployment is
A)
Q131: Cyclical unemployment
A) is short-term joblessness experienced by
Q132: Unemployment that has an entirely macroeconomic cause
Q133: Cyclical unemployment is a problem because
A) it
Q135: At what U.S.unemployment rate do most economists
Q136: If an economy has been operating below
Q137: What fraction of the labor force is
Q138: U.S.residents bear the burden of unemployment equally.
Q139: When is the U.S.economy at full employment?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents