Suppose Economists Were Able to Measure Frictional Unemployment as 3%,cyclical

question 88

Multiple Choice

Suppose economists were able to measure frictional unemployment as 3%,cyclical unemployment as 2%,and structural unemployment as 4%.Then we would know that the NAIRU is ________ and the actual unemployment rate is ________.

• A)6%; 5%
• B)5%; 9%
• C)7%; 9%
• D)7%; 7%
• E)6%; 6%

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Definitions:

WAN

Wide Area Network (WAN) is a telecommunications network that extends over a large geographic area for the purpose of computer networking.

MAN

Metropolitan Area Network, a large computer network that spans a city or a large campus.

LAN

Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, or office building.

Bits Per Second

A measure of data transmission speeds in digital networks, quantifying how many bits are transmitted each second.