If the Actual Unemployment Rate Is Less Than the Natural

question 49

Multiple Choice

If the actual unemployment rate is less than the natural rate of unemployment,then

• A) the economy is in an expansionary phase.
• B) cyclical unemployment is rising.
• C) frictional unemployment is rising.
• D) structural unemployment is rising.
• E) This is not possible.

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Definitions:

Harried

Feeling strained as a result of having too many demands or pressures; harassed.

Team Leader

An individual who provides direction, guidance, and instruction to a group of individuals for the purpose of achieving a certain goal.

Project

A temporary endeavor undertaken to create a unique product, service, or result with specific objectives.

Part-time

Referring to working fewer hours than is considered standard by an employer, often resulting in fewer benefits and responsibilities.