Suppose That in an Economy the Structural Unemployment Rate Is

question 35

Multiple Choice

Suppose that in an economy the structural unemployment rate is 2.2 percent,the natural unemployment rate is 5.3 percent,and the cyclical unemployment rate is 2 percent.The frictional unemployment rate is _________ percent and the actual unemployment rate (in this economy) is ___________ percent.

• A) 7.5; 3.3
• B) 4.2; 11.7
• C) 7.3; 3.1
• D) 3.1; 7.3

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Definitions:

Cognition

Pertains to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, and judging.

Biology

The scientific study of living organisms and their interactions with the environment.

Gender Schema Theory

A theory suggesting that individuals learn about gender and develop their gender identity through the organization of previous knowledge into categories related to gender.

Gestalt Theory

A psychological approach emphasizing that the whole of anything is greater than its parts, often used in visual perception studies.