When the Rate of Cyclical Unemployment Is Zero, the

question 95

Multiple Choice

When the rate of cyclical unemployment is zero, the

• A) natural rate of unemployment must also be zero.
• B) rate of frictional unemployment must be negative.
• C) economy must have entered a recessionary stage.
• D) economy is considered to be at full employment.

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Definitions:

The World Is Flat

A metaphorical phrase suggesting that technological advancements have leveled the competitive playing fields in global business.

Thomas Friedman

An American journalist, author, and three-time Pulitzer Prize winner known for his work on foreign affairs, global trade, the Middle East, globalization, and environmental issues.

Global Forces

The various worldwide factors, such as economic, technological, sociocultural, and political changes, that influence businesses, economies, and societies.

Globalization Of Markets

The process by which businesses or other organizations develop international influence or start operating on an international scale, making products and services more universally accessible.