With Everything Else Held Constant, If 5% of Those Considered

question 254

Multiple Choice

With everything else held constant, if 5% of those considered to be frictionally unemployed found work while the number of people considered to be structurally unemployed increased by 5%, the natural rate of unemployment:

• A) increases by 10%.
• B) equals the unemployment rate.
• C) does not change.
• D) decreases by 10%.

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Definitions:

Compliance

The act of adhering to laws, regulations, guidelines, and specifications relevant to one’s business or activities.

Law

An arrangement of norms devised and upheld by social or governmental entities to direct actions.

Ethical Theories

Philosophical ideas and principles that define what is morally right and wrong.

Analyze

The process of examining something methodically by breaking it down into its component parts for detailed examination or assessment.