The Goal for High Employment Should Be a Level of Unemployment

question 15

Multiple Choice

The goal for high employment should be a level of unemployment at which the demand for labor equals the supply of labor.Economists call this level of unemployment the

• A) frictional rate of unemployment.
• B) structural rate of unemployment.
• C) natural rate of unemployment.
• D) ideal rate of unemployment.

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Definitions:

Topographic

Pertaining to the detailed and accurate representation of natural and artificial physical features of an area on a map.

Mesa

A flat-topped hill with steep sides, commonly found in arid and semi-arid regions, formed by erosion.

Butte

A steep-sided, isolated hill or mountain with a flat top, usually formed through the erosion of sedimentary rocks.

Erosion

The process by which natural forces remove soils, rocks, or dissolved material from one location and transport it to another.