Suppose That in an Economy the Frictional Unemployment Rate Is

question 42

Multiple Choice

Suppose that in an economy the frictional unemployment rate is 3.1 percent,the natural unemployment rate is 4.5 percent,and the cyclical unemployment rate is -1 percent.The structural unemployment rate is _________ percent and the actual unemployment rate (in this economy) is ___________ percent.

• A) 1.4; 5.5
• B) 1.4; 3.5
• C) 7.6; 6.6
• D) 3.5; 1.4

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Definitions:

Spruce

A genus of coniferous trees found in northern temperate and boreal regions, valued for their wood and ornamental uses.

Adaptations

Changes or processes through which organisms or species evolve to become better suited to their environment.

Store Water

The process of collecting and retaining water for future use, crucial in areas with limited or seasonal rainfall.

Distillation Process

A method of separating mixtures based on differences in their volatilities in a boiling liquid mixture.