In Late 2006, the Unemployment Rate Increased from 4

question 168

Multiple Choice

In late 2006, the unemployment rate increased from 4.4 percent to 4.5 percent. It was reported that new jobs were created in several sectors including accounting, engineering services, computer design and education. These increases offset job losses in the construction and automobile industries. At the same time, the natural unemployment rate was estimated to be about 5.5 percent
Www) nytimes.com, 12/9/2006
Based on the story, the labor market reflects

• A) a positive output gap.
• B) a negative output gap.
• C) cyclical unemployment.
• D) efficiency wages.

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Definitions:

Restricted Network

A network that limits access to authorized users and often implements controls to manage information flow and data security.

Lack Of Response

A situation where there is no reply or acknowledgement to a communication or stimulus.

Restricted Network

A limited or closed communication system where access or membership is controlled or confined to specific users or groups.

Willingness to Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting the value they place on it.