In a Country with a Working-Age Population of 30 Million,18

question 4

Multiple Choice

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.If 1 million of those unemployed are cyclically unemployed,what is the natural unemployment rate?

• A)5.6 percent
• B)5 percent
• C)6.7 percent
• D)11.1 percent
• E)none of the above

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Definitions:

Increase of Fear

A situation where the level of anxiety, worry, or dread in a population or individual grows significantly, often in response to real or perceived threats.

Second Bank of the United States

A federal institution that operated from 1816 to 1836, aimed at stabilizing and improving the national economy but faced opposition, leading to its closure.

Dred Scott Decision

A landmark 1857 U.S. Supreme Court case that ruled African Americans, whether enslaved or free, could not be American citizens and had no rights to sue in federal court.

Slavery Expansion

The broadening of territories and jurisdictions where slavery was legal, particularly seen in the 19th-century United States.