Suppose the Economy Is Experiencing Frictional Unemployment of 1 Percent

question 88

Multiple Choice

Suppose the economy is experiencing frictional unemployment of 1 percent, structural unemployment of 3 percent and cyclical unemployment of 4 percent. What is the natural unemployment rate?

• A)3 percent
• B)4 percent
• C)5 percent
• D)7 percent
• E)8 percent

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Definitions:

Growth Need Strength

The degree to which an individual requires personal growth and development within their job.

Task Significance

The degree to which a job has a substantial impact on the lives of other people, within or outside the organization.

Prosocial Motivation

The desire to expend effort to benefit other people.

Job Rotation

Rotating employees to different tasks and jobs in an organization.