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Kenneth Graduated at the Top of His Class, but He

question 63

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Kenneth graduated at the top of his class, but he didn't get any breaks.Without any money for a car, he walked two miles to and from school each day.He knew he needed help with math, so he worked a part-time job outside of school to pay for a math tutor.These years were hard for Kenneth, but he graduated with many friends and with much recognition.Kenneth attained ________.


Definitions:

Natural Rate

The long-term rate of unemployment around which the job market is in balance, where all those willing to work at prevailing wage rates can find employment.

Policymakers

Individuals or groups responsible for making decisions and creating policies for political, economic, or social systems.

Natural Rate

Often referred to in the context of unemployment, it is the long-term rate of unemployment that an economy experiences even when it is operating at a full capacity.

Natural Rate

The long-term unemployment rate that is observed once the effect of short-term cyclical factors has been removed and is thought to be due to structural factors in the economy.

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