Figure 17-2
-Refer to Figure 17-2.At which point is the unemployment rate equal to the natural rate of unemployment?

Name: Figure 17-2 -Refer to Figure 17-2.At which point is the unemployment rate equal to the natural rate of unemployment?
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Figure 17-2 
-Refer to Figure 17-2.At which point is the unemployment rate equal to the natural rate of unemployment?

Quizplus · Accepted Answer

The natural rate of unemployment is the unemployment rate that exists when the economy is at full employment. At point A, the unemployment rate is equal to the natural rate of unemployment because the economy is at full employment.

Figure 17-2 -Refer to Figure 17-2.At Which Point Is the Unemployment Rate