If There Is 2 Percent Frictional Unemployment, 3 Percent Structural

question 42

Multiple Choice

If there is 2 percent frictional unemployment, 3 percent structural unemployment, and 1 percent cyclical unemployment, then the natural rate of unemployment equals:

• A)3%.
• B)4%.
• C)5%.
• D)6%.

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Definitions:

Wide Circle of Friends

Having a diverse and large network of acquaintances and friends, indicative of broad social interaction and connectivity.

Assisted Living

A housing facility for people who require assistance with everyday activities but do not need full-time nursing care.

Adjustment to Death

The process of adapting to the loss of a loved one, including emotional, mental, and physical changes.

Dementia

A category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting daily functioning.