Find the Sum Of $\frac { 7 } { 11 } \text { and } 4 \frac { 1 } { 3 }$

question 87

Multiple Choice

Find the sum of $\frac { 7 } { 11 } \text { and } 4 \frac { 1 } { 3 }$ Reduce to lowest terms.

• A) \(4 \frac { 32 } { 33 }\)
• B) \(\frac { 32 } { 33 }\)
• C) \(1 \frac { 3 } { 33 }\)
• D) \(\frac { 3 } { 33 }\)
• E) \(4 \frac { 4 } { 7 }\)

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Definitions:

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment within an economy.

Long-run Phillips Curve

A graphical representation showing the relationship between inflation and unemployment when inflation expectations are fully adjusted to actual inflation.

Natural Rate

The long-term unemployment rate that is observed once the effect of short-term cyclical factors has been removed, considered to be the rate of unemployment consistent with a stable rate of inflation.

Short-run Phillips Curve

A curve illustrating the inverse relationship between the rate of inflation and the rate of unemployment in an economy for a short-term period.