If the Existing Unemployment Rate Is 6

question 124

Multiple Choice

If the existing unemployment rate is 6.2 percent and the natural unemployment rate is 4.5 percent,the cyclical unemployment rate is ________ percent.

• A) 10.7
• B) 5.35
• C) -1.7
• D) 1.7

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace.

Social Learning Theory

A theory that suggests people can learn new behaviors by observing others and the outcomes of those behaviors.

Competence

Refers to the ability of an individual or organization to effectively perform or carry out a specific task or role.

Confidence

The belief in one's abilities or qualities and the assurance in the trustworthiness or success of something or someone.