The Natural Rate of Unemployment

question 1

Multiple Choice

The natural rate of unemployment

• A) is currently about 4%.
• B) must be the same for every demographic group.
• C) occurs when job vacancies equal the number of unemployed workers.
• D) hit bottom in the 1970s.

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Definitions:

Elaborative Coding

A cognitive processing technique that involves making information more memorable by enriching it with meaningful associations.

Dual-Coding Theory

A cognitive theory proposing that information can be remembered visually and verbally for more effective recall.

Semantic Codes

Mental representations of knowledge stored according to meaning.

Visual Imagery

The mental visualization of scenes, objects, or events without the immediate input of sensory information, often used in psychological therapy and cognitive training.