The Rate of Unemployment When the Economy Is at Potential

question 3

Multiple Choice

The rate of unemployment when the economy is at potential output is called the

• A) seasonal rate of unemployment.
• B) natural rate of unemployment.
• C) structural rate of unemployment.
• D) frictional rate of unemployment.
• E) cyclical rate of unemployment.

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Definitions:

Oral Stage

The first stage in Freud's psychosexual development, occurring in the first year of life, where pleasure is centered on oral activities such as sucking and biting.

Anal Stage

In psychoanalytic theory, the second stage of psychosexual development, occurring from about 18 months to three years of age, where the focus of pleasure is on controlling bladder and bowel movements.

Oedipal Stage

A phase in Freudian psychosexual development when a child feels a desire for the opposite-sex parent and jealousy towards the same-sex parent.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.