If There Is 3 Percent Frictional Unemployment, 4 Percent Structural

question 99

Multiple Choice

If there is 3 percent frictional unemployment, 4 percent structural unemployment, and −2 percent cyclical unemployment, then the natural rate of unemployment equals:

• A)1 percent.
• B)2 percent.
• C)5 percent.
• D)7 percent.

---

Definitions:

Income Levels

Categories of annual income that differentiate individuals, households, or other groupings, often used to analyze economic and social trends.

Cost-of-Living

The amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time.

Regional Differences

Variations in cultural practices, economic conditions, and social norms across different geographic areas.

Horizontal Social Mobility

The movement of individuals or groups across similar socioeconomic levels without a significant change in social status.