Look at the Following Data: the Structural Unemployment Rate Is

question 125

Multiple Choice

Look at the following data: The structural unemployment rate is 4 percent,the natural unemployment rate is 5 percent,and the cyclical unemployment rate is 3 percent.The frictional unemployment rate is ____________ percent and the actual unemployment rate is __________ percent.

• A) 2; 7
• B) 2; 8
• C) 1; 7
• D) 1; 8

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Definitions:

Sociologists

Scholars or researchers who study social behavior, institutions, and structures from various perspectives within the field of sociology.

Criticisms

The expression of disapproval of someone or something based on perceived faults or mistakes.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, often measured by a combination of income, education, and occupation.

Making More Money

The pursuit or process of increasing one's income or financial assets.