What occurs at the economy's natural rate of unemployment?
A) The economy achieves its output potential.
B) Frictional and structural unemployment are zero.
C) Only frictional unemployment exists.
D) Only structural unemployment exists.
E) Potential GDP is above actual GDP.
Correct Answer:
Verified
Q23: What is the labour force status of
Q24: What is one reason that the natural
Q25: Which of the following relates to cyclical
Q26: What is meant by cyclical unemployment?
A)Unemployment that
Q27: What is meant by frictional unemployment?
A)Unemployment that
Q29: What type of unemployment is associated with
Q30: What type of unemployment would result if
Q31: What is meant by structural unemployment?
A)Unemployment that
Q32: According to most economists,presently,what is the natural
Q33: Assume Brown is temporarily unemployed because she
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