Suppose the Economy Is Experiencing Frictional Unemployment of 1 Percent

question 102

Multiple Choice

Suppose the economy is experiencing frictional unemployment of 1 percent, structural unemployment of 3 percent and cyclical unemployment of 4 percent. What is the natural unemployment rate?

• A) 7 percent.
• B) 4 percent.
• C) 5 percent.
• D) 3 percent.

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Definitions:

Proportions

A statistical measure that indicates the relative size of one number to another, often expressed as a fraction or percentage.

Student Attitude

The predispositions or tendencies of students towards learning, school activities, and education in general, which can influence their academic performance.

Dormitory Regulations

Rules and guidelines set by an institution to manage behavior and ensure the safety and well-being of students living in dormitory accommodation.

Expected Count

The predicted number of occurrences in a category for a statistical experiment based on probability theories.