Suppose That in an Economy the Structural Unemployment Rate Is

question 130

Multiple Choice

Suppose that in an economy the structural unemployment rate is 2.1 percent,the frictional unemployment rate is 2.3 percent,and the unemployment rate is 12.1 percent.The natural unemployment rate is _________ percent and the cyclical unemployment rate is ___________ percent.

• A) 7.7; 4.4
• B) 0.2; 9.9
• C) 4.4; 7.7
• D) 10; 3.1

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Definitions:

Deductive Inferences

The process of reasoning from one or more statements (premises) to reach a logically certain conclusion.

Inductive Inferences

The logical process of deriving general principles from specific observations or instances.

Eighth Grade

An educational level typically attended by students aged 13-14, marking the end of middle school in many education systems.

Working Memory Span

The capacity of working memory, indicating the amount of information one can hold and manipulate in mind for short periods.