When the Economy Moves into and Out of Recessions and Expansions

question 379

Multiple Choice

When the economy moves into and out of recessions and expansions, the unemployment rate fluctuates around the

• A) natural unemployment rate.
• B) structural unemployment rate.
• C) cyclical unemployment.
• D) frictional unemployment rate.

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Definitions:

Ability And Talent

The skills and natural aptitudes individuals possess, which can affect their performance in various activities or professions.

Median Earnings

The middle value of earnings in a given distribution, where half of the workers earn less and half earn more.

Hispanics

A demographic group often referring to people with cultural ties to Spanish-speaking countries, particularly those from Latin America and Spain.

African Americans

A racial or ethnic group in the United States with ancestry from any of the black racial groups of Africa.