If Unemployment Is at the Natural Rate, Then There

question 329

Multiple Choice

If unemployment is at the natural rate, then there

• A) is no cyclical unemployment.
• B) is no frictional unemployment.
• C) will be cyclical and frictional unemployment but not structural unemployment.
• D) will be only cyclical unemployment.

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Definitions:

British Economist

Refers to an economist from Britain, often notable for contributions to economic theory or policy.

Previous Economists

Scholars and thinkers who have contributed to the study and development of economic theories and principles in the past.

Franklin D. Roosevelt

The 32nd President of the United States, serving from 1933 to 1945, known for leading the country through the Great Depression and World War II with his New Deal programs.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the Great Depression.