If the Rate at Which Workers Flow from Employment into Unemployment

question 9

Multiple Choice

If the rate at which workers flow from employment into unemployment each period is 6% and the flow out of unemployment occurs at a rate of 69%,then the natural rate of unemployment is

• A) 4.14%
• B) 6%
• C) 8%
• D) 6.9%
• E) 11.5%

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Definitions:

Fraternities

Social organizations, typically for male college students, that are formed for personal and professional development, networking, and community service.

Sororities

Social organizations primarily for females in colleges or universities, which are devoted to philanthropic, academic, and social activities.

Cohesiveness

The extent to which members of a group or community are attracted to each other and motivated to stay together.

Apathetic

Showing or feeling no interest, enthusiasm, or concern about something.