Statement I: If the Overall Unemployment Rate Is Over 10%,the

question 180

Multiple Choice

Statement I: If the overall unemployment rate is over 10%,the cyclical unemployment rate is larger than the sum of the frictional and structural unemployment rates.
Statement II: If the cyclical unemployment rate is 3 percent,the overall unemployment rate is 8 percent.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.