The Natural Unemployment Rate

question 89

Multiple Choice

The natural unemployment rate

• A) is the same from year to year.
• B) is greater than the actual rate of unemployment.
• C) is the unemployment rate when there is no cyclical unemployment.
• D) equals zero.

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Definitions:

Exempt Assets

Properties or assets that are protected by law from being seized by creditors or in bankruptcy proceedings.

Nonexempt Assets

Assets that can be seized by creditors under bankruptcy proceedings, as opposed to those protected or exempt.

Involuntary Petition

A legal process initiated by creditors requesting the bankruptcy court to declare a debtor bankrupt, typically utilized when the debtor is not paying outstanding debts.

Chapter 7

A provision of the U.S. Bankruptcy Code that involves the liquidation of a debtor's non-exempt assets to pay off creditors.