Compared to the 1960s,the Natural Rate of Unemployment in the 1970s

question 42

Multiple Choice

Compared to the 1960s,the natural rate of unemployment in the 1970s and 1980s was:

• A)higher,because of changes in the composition of the labor force
• B)higher,because of the failure of public policies to reduce it
• C)lower,because of changes in the composition of the labor force
• D)lower,because of the success of public policies to reduce it

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Definitions:

Schemas

Cognitive frameworks or blueprints that help in organizing and interpreting information from the environment.

Mass Media Biases

The tendency of mass media to present information in a way that reflects a particular perspective, bias, or prejudice.

Gut Feelings

Intuitive judgments or responses that are not the result of conscious reasoning.

Rational Assessments

Logical evaluations or judgments made based on reason and factual evidence.