If the Rate of Separation Is 0

question 17

Multiple Choice

If the rate of separation is 0.02 and the rate of job finding is 0.08 but the current unemployment rate is 0.10, then the current unemployment rate is ______ the equilibrium rate, and in the next period it will move ______ the equilibrium rate.

• A) above; toward
• B) above; away from
• C) below; toward
• D) below; away from

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Definitions:

Conservation

In cognitive development theory, the understanding that certain properties of objects, such as volume or mass, do not change despite changes in the objects' form or appearance.

Superficial Characteristics

Qualities or traits that are apparent on the surface and may not provide a deep understanding of something's essence or an individual's core personality.

Scaffolding

Vygotsky’s term for temporary cognitive structures or methods of solving problems that help the child as he or she learns to function independently.

Cognitive Development

The process by which an individual's ability to perceive, think, and understand their world grows and matures.