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:

Appraisals

The process of assessing the value, performance, or quality of an item or employee.

Exchange

The act of giving one thing and receiving another, especially of the same type or value, in return.

Things Of Value

Items, services, or concepts that hold worth or usefulness to individuals or organizations.

Promotional Capital

Resources and assets utilized in the promotion of a product, service, or brand, including financial investment, promotional tools, and brand equity.