If the Steady-State Unemployment Rate for an Economy Is 5

question 8

Multiple Choice

If the steady-state unemployment rate for an economy is 5% and each period 2% of employed workers lose their jobs, what percent of unemployed workers find employment each period?

• A) 8%
• B) 18%
• C) 28%
• D) 38%
• E) 48%

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Definitions:

Atomic Data Types

Fundamental types of data that are not divisible into simpler types within the programming language.

Structured Types

Structured types are composite data types in programming that allow for the combination of multiple items of possibly different types into a single type.

Double-Precision Variable

A type of variable in programming that can store decimal numbers with double the precision of a float, allowing for more accurate calculations.

Scanf

A standard library function in C used to read formatted input from stdin.