What Is a Rough Estimate of the Natural Rate of Unemployment

question 159

Multiple Choice

What is a rough estimate of the natural rate of unemployment in Canada?

• A) 1 to 2 percent
• B) 3 to 4 percent
• C) 6 to 7 percent
• D) 9 to 10 percent

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Definitions:

Possession

The act of having physical control over property or goods, with or without the right to own them.

Prescribed Hold-Back

A specific amount of money withheld from a contractor to ensure all obligations are met before full payment.

Liens

Legal claims against a property that must be paid off when the property is sold, ensuring that creditors are compensated.