The Natural Rate of Unemployment Is

question 29

Multiple Choice

The natural rate of unemployment is:

• A)the average rate of unemployment around which the economy fluctuates.
• B)about 10 percent of the labour force.
• C)a rate that never changes.
• D)the transition of individuals between employment and unemployment.

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Definitions:

Knowledge

Information, understanding, or skill that one gets through experience or education.

Performance

The act of executing or conducting a task or activity, often measured against a standard of accuracy, completeness, and speed.

Creative

Showing the ability or power to bring new and imaginative ideas into existence; characterized by originality and expressiveness.

Rejection of Ideas

The act of dismissing or refusing to accept proposed concepts or viewpoints.