If the natural rate of unemployment equals 8 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals:
A) 10 percent.
B) 2 percent.
C) -2 percent.
D) -1 percent.
Correct Answer:
Verified
Q46: When there is a recessionary gap, capital
Q54: An expansion occurs when _, when _,
Q55: Workers in durable-goods industries are _ workers
Q57: When recessions are the result of slowing
Q61: In a recession, cyclical unemployment:
A)is rising.
B)exceeds the
Q63: If the output gap equals 180 billion,
Q66: The natural unemployment rate is equivalent to
Q67: Wasted capital and labor resources are a
Q73: If the natural rate of unemployment equals
Q74: If potential output equals $8 billion and
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