Look at the Following Data: the Frictional Unemployment Rate Is

question 36

Multiple Choice

Look at the following data: The frictional unemployment rate is 1.5 percent,the natural unemployment rate is 4.5 percent,and the cyclical unemployment rate is -1 percent.The structural unemployment rate is _________ percent and the actual unemployment rate (in this economy) is ___________ percent.

• A) 6; 3.5
• B) 3; 5.5
• C) 3; 3.5
• D) 6; 5.5

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Definitions:

Cognitive Sociology

An area of sociology that focuses on the social construction of reality, exploring how individual cognition and societal phenomena influence each other.

Cognitive Anthropology

A branch of anthropology that studies how people perceive, think about, and understand the world around them.

Social Exchange Theory

Theory that seeks to understand social behavior by analyzing the costs and benefits of interacting with each other; it assumes that sex is a resource that women have and men want.

Economics

The study of the production, distribution, and consumption of goods and services, and the study of money.