When the Rate of Unemployment Is Equal to the Sum

question 36

Multiple Choice

When the rate of unemployment is equal to the sum of seasonal,frictional and structural unemployment rates then:

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

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Definitions:

Acetyl Group

A 2-carbon group derived from acetic acid (acetate).

FADH₂

A reduced form of flavin adenine dinucleotide, a redox-active coenzyme involved in cellular respiration.

Aerobic Respiration

A metabolic process that uses oxygen to convert glucose or other organic substrates into energy, carbon dioxide, and water.

Electron Transport Chain

A series of protein complexes located in the inner mitochondrial membrane that facilitate electron transfer and ATP production.