Suppose the Economy Is Experiencing Frictional Unemployment of 1 Per

question 65

Multiple Choice

Suppose the economy is experiencing frictional unemployment of 1 per cent, structural unemployment of 3 per cent and cyclical unemployment of 4 per cent. What is the natural unemployment rate?

• A)7 per cent
• B)3 per cent
• C)5 per cent
• D)4 per cent

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Definitions:

Erect Nipples

A physiological reaction where the nipples become firm and protrude due to cold, stimulation, or arousal.

Expressive Aphasia

A neurological condition characterized by difficulty in producing speech or writing, while understanding of language remains relatively intact.

Receptive Aphasia

A language disorder characterized by difficulty in understanding spoken or written language, usually due to brain damage.

Stroke

A medical emergency characterized by the sudden death of brain cells due to lack of oxygen, caused by blockage or rupture of an artery to the brain.