The Natural Rate of Unemployment Is the

question 67

Multiple Choice

The natural rate of unemployment is the

• A)Rate that would occur if the structural deficit were zero.
• B)Rate that corresponds to 3 percent inflation on the Phillips curve.
• C)Long-term rate determined by structural forces in labor and product markets.

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Definitions:

Victimized

The state of being harmed, oppressed, or wronged, often in a context of power imbalance.

Crime

An act or the commission of an act that is forbidden or the omission of a duty that is commanded by a public law and that makes the offender liable to punishment by that law.

Reference Group

A social group that an individual uses as a standard for self-assessment, influencing attitudes, behaviors, and identities.

Secondary Group

A large, impersonal social group whose members pursue a specific goal or activity.