Statement I: If the overall unemployment rate is over 10%,the cyclical unemployment rate is larger than the sum of the frictional and structural unemployment rates.
Statement II: If the cyclical unemployment rate is 3 percent,the overall unemployment rate is 8 percent.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
Verified
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