The Natural Rate of Unemployment

question 53

Multiple Choice

The natural rate of unemployment:

• A)is fixed over time.
• B)is found by adding the cyclical and structural unemployment rates.
• C)may change from one decade to another.
• D)cannot be changed through public policy.

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Definitions:

Distribution

Refers to the way in which data points are spread out across the range of possible values in a dataset.

Test Statistic

A computed value used to decide whether to reject the null hypothesis in statistical hypothesis testing.

P-Value

The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.

Population Locations

Geographical or metaphorical positions where members of a population are found.