Which of the Following Statements Is Not Correct? Natural Rate

question 28

Multiple Choice

Which of the following statements is not correct? Natural rate of unemployment is:

• A)the irreducible unemployment rate.
• B)the lowest rate of unemployment that can be reached.
• C)the unemployment rate that is tolerated by economic policy makers.
• D)the unemployment rate capturing unemployed people that do not actually look for a job.

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Definitions:

Nondeviants

Individuals who conform to established societal norms and standards, often considered typical or conventional members of a society.

Normative Standards

Socially accepted rules and expectations that govern behavior within a society or group.

Immoral Behavior

Actions that are considered wrong or unethical according to societal standards or moral principles.

Politicians

Individuals engaged in conducting the business of governing, usually as elected officials within a governmental system.