If the Structural Unemployment Rate Is 4%, the Frictional Unemployment

question 166

True/False

If the structural unemployment rate is 4%, the frictional unemployment rate is 1%, and the cyclical unemployment rate is 3%, then the natural rate of unemployment is 5%.

---

Definitions:

Grief

The deep sorrow that people feel at the death of another. Grief is personal and unpredictable.

Odd Actions

Behaviors or actions that deviate from what is typically expected or considered normal in a given context.

Less Familiar

Referring to something or someone that is not well known or not often encountered, leading to a lack of knowledge or comfort.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., especially in a community or organization.