In the Long Run, Unemployment

question 56

Multiple Choice

In the long run, unemployment
I. will be at the natural rate of unemployment.
II. is made up of structural and frictional unemployment.
III. could be made up of structural, frictional, and cyclical unemployment.

• A) I, II, and III
• B) I and III only
• C) I and II only
• D) I only

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Definitions:

CBI Insights

A data analysis firm that provides market intelligence, analysis, and predictions for businesses, especially focusing on emerging technologies and startup ecosystems.

Wrong Processes

Inefficient or incorrect procedures or methods that hinder achieving objectives or optimal performance.

Organization

An entity, such as a company, non-profit, or club, structured and managed to fulfill a particular purpose or set of objectives.

Amy C.Edmondson

A professor known for her research on teamwork, leadership, and organizational learning.