In a Properly Operating,dynamic Economy

question 97

Multiple Choice

In a properly operating,dynamic economy,

• A)the unemployment rate should remain near zero.
• B)we would expect to have some unemployment due to normal structural and frictional factors.
• C)the rate of unemployment will be very high during economic booms.
• D)the employment/population ratio should average 100 percent.

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Definitions:

Insurance Claims

Requests made to an insurance company for payment based on the terms of an insurance policy.

Medical Practice

The profession or activity of providing care to patients, involving diagnosis, treatment, and prevention of diseases.

Filing Limit

The maximum time period allowed after an event within which legal proceedings may be initiated or claims must be submitted.

Insurance Company

A financial institution that provides coverage against certain risks in exchange for premium payments.