In a Dynamic Economy Under Ideal Conditions,the Unemployment Rate

question 96

Multiple Choice

In a dynamic economy under ideal conditions,the unemployment rate

• A)should be zero.
• B)is greater than zero percent due to natural unemployment.
• C)increases as the price level rises.
• D)decreases as the price level falls.
• E)averages 6 percent.

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Definitions:

Statute

A statute is a formal written enactment of a legislative body, serving as a law or regulation.

Negligence Per Se

A legal doctrine that deems an act to be negligent because it violates a statute or regulation.

Violation of a Statute

An act or omission that breaches the terms of a law formulated by a governmental body, thus subjecting the violator to legal penalties.

Legislative Enactment

The process by which legislatures make or enact laws, often involving proposed legislation being debated, amended, and voted upon.