Suppose the natural unemployment rate equals 6 percent and the current unemployment rate is 8 percent. We can conclude that
A) there is no structural unemployment.
B) there is no frictional unemployment.
C) there is no cyclical unemployment.
D) full employment is not occurring.
Correct Answer:
Verified
Q203: Full employment occurs
A) only if the unemployment
Q204: The natural unemployment rate is the unemployment
Q205: When economists speak of full employment, they
Q206: When the economy is at full employment
Q207: The natural unemployment rate
A) falls with an
Q209: When cyclical unemployment is zero
A) frictional unemployment
Q210: The unemployment rate will never equal zero
Q211: If unemployment is at the natural rate,
Q212: When the economy is operating at full
Q213: The natural unemployment rate
A) is a constant
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