Suppose Economists Were Able to Measure Frictional Unemployment as 2%,cyclical

question 33

Multiple Choice

Suppose economists were able to measure frictional unemployment as 2%,cyclical unemployment as 0%,and structural unemployment as 3%.Then we would know that the NAIRU is ________ and the actual unemployment rate is ________.

• A)0%; 5%
• B)5%; 5%
• C)0%; 3%
• D)5%; 0%
• E)2%; 5%

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Definitions:

Airways

Airways are the tubes through which air passes to and from an organism's lungs, enabling breathing and gas exchange.

Lungs

Vital organs of the respiratory system responsible for gas exchange, taking in oxygen and expelling carbon dioxide from the body.

Illness Anxiety Disorder

A chronic condition characterized by excessive worry about having a serious illness despite having few or no symptoms.

Obsessive-Compulsive Disorder

A mental health disorder characterized by recurring, unwanted thoughts (obsessions) and repetitive behaviors (compulsions) as an attempt to relieve anxiety.