Over the Last Five Decades, the Natural Rate of Unemployment

question 8

Multiple Choice

Over the last five decades, the natural rate of unemployment has

• A)always been around 4%
• B)declined from about 5.5% in the 1950s to about 4% in 2009
• C)changed as the composition of the labor force has changed
• D)consistently declined as more women entered the labor force
• E)increased from 3% in the 1950s to 8% in the 1980s, but decreased ever since

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Definitions:

Sales for Quarter

The total revenue generated from sales activities within a specific three-month period of the fiscal year, used to analyze the company's performance and growth.

Cash Collections

The process of gathering all receivables or cash owed by customers to a business within a specified period.

Average Collection Period

The usual number of days necessary for a firm to get payments from its buyers.