When the Actual Unemployment Rate Is Equal to the NAIRU,we

question 47

Multiple Choice

When the actual unemployment rate is equal to the NAIRU,we can say that

• A)all remaining unemployment is structural.
• B)the economy is experiencing no lost output due to frictional unemployment.
• C)the economy is at full employment.
• D)frictional unemployment is zero.
• E)frictional and structural unemployment are both zero.

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Definitions:

Local Businesses

Enterprises located within a community, typically owned and operated by individuals from that community, contributing to its economy.

Bay Of Pigs

The site of a failed invasion of Cuba in 1961 by Cuban exiles with support from the US, aimed at overthrowing Fidel Castro's government.

CIA

The Central Intelligence Agency, a civilian foreign intelligence service of the federal government of the United States, tasked with gathering, processing, and analyzing national security information.

Fulgencio Batista

A military officer and politician who served as the elected president and dictator of Cuba before being overthrown by the Cuban Revolution.