Which of the following is false regarding the value of the natural rate of unemployment in the United States?
A) In the 1950s and 1960s, economists generally agreed on 4%.
B) In the 1970s, economists generally agreed on 5%.
C) In the early 1980s, economists generally agreed on 6% - 7%.
D) In the late 1980s, some economists placed the rate back at 5%.
E) None - all of these are true.
Correct Answer:
Verified
Q47: Which of the following people is cyclically
Q48: To avoid confusing _ fluctuations in unemployment
Q49: Potential real GDP minus actual real GDP
A)
Q50: Creative destruction results in _ unemployment.
A) seasonal
B)
Q51: _ unemployment is/are always present in a
Q53: The natural rate of unemployment is the
Q54: As more people begin to look for
Q55: Which of the following people is structurally
Q56: Which type of unemployment arises as one
Q57: Frictional unemployment most likely arises due to
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