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East Westfalia Reported These Unemployment Rates for 2015: Cyclical 3

Question 78

Multiple Choice

East Westfalia reported these unemployment rates for 2015: cyclical 3 percent, seasonal 2 percent, frictional 5 percent and structural 4 percent. East Westfalia has a(n)


A) full employment equilibrium.
B) monetary squeeze.
C) structural revolution.
D) recessionary gap.
E) inflationary gap.

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