College Is a Time to

question 39

Multiple Choice

College is a time to

• A) take appropriate risks, learn new things, and meet important people.
• B) make decisions and commit to a plan early on that will last a lifetime.
• C) struggle financially and explore your options for a career path.
• D) make the dean's list at any cost to emotional and physical health.

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Definitions:

Natural Rate

Often referred to in the context of unemployment, it is the long-term rate of unemployment that an economy experiences even when it is operating at a full capacity.

Natural Rate

The long-term unemployment rate that is observed once the effect of short-term cyclical factors has been removed and is thought to be due to structural factors in the economy.

Bureau of Labor Statistics

A government agency that collects, analyzes, and disseminates essential economic information to support public and private decision-making.

Natural Rate

The rate of any economic variable, such as unemployment or interest, believed to be inherent when the economy is in equilibrium.