Suppose the natural rate of unemployment is 6 percent. If the actual unemployment rate is 5 percent, then the cyclical unemployment rate is
A) 9 percent.
B) 1 percent.
C) -1 percent.
D) 0 percent as cyclical unemployment cannot be less than zero.
Correct Answer:
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Q70: During a recession, the
A) natural rate of
Q71: Q72: Deviations of the actual unemployment rate from Q73: Q74: Deviations of the actual unemployment rate away Q76: Q77: Suppose there was an unexpected increase in Q78: An unexpected increase in aggregate demand causes Q79: Q80: 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
A)
