Frictional and structural unemployment both exist when
A) the economy is in an expansionary phase.
B) the economy is in long-run equilibrium.
C) the economy is at the peak of the business cycle.
D) the economy is in short-run equilibrium.
Correct Answer:
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Q21: From 1950 until the late 1980s, the
Q22: An increase in unemployment insurance and other
Q24: According to the text, minimum-wage laws cause
Q25: The natural rate of unemployment is
A)zero.
B)the unemployment
Q26: According to the text, the probability of
Q27: Structural unemployment may result from all of
Q28: From the late 1980s to 2000, the
Q30: Which of the following is the rate
Q32: The Phillips curve shows the relationship between
A)the
Q38: During a recession, the overall unemployment rate
A)
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