Exhibit 9-5 -The Structural Unemployment Rate Is 2.3 Percent,the Frictional Unemployment Rate

question 15

Multiple Choice

Exhibit 9-5
-The structural unemployment rate is 2.3 percent,the frictional unemployment rate is 2.4 percent,and the economy's current unemployment rate is 4.1 percent.The economy is in

• A)a recessionary gap producing less than Natural Real GDP.
• B)an inflationary gap producing more than Natural Real GDP.
• C)long-run equilibrium.
• D)an inflationary gap producing Natural Real GDP.
• E)a recessionary gap producing more than Natural Real GDP.

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Definitions:

Organizational Boundaries

The defined limits that separate an organization from its environment and delineate individual or team roles, responsibilities, and functions within it.

Unspoken Norms

Implicit rules and expectations that govern behavior within a society or group, often understood and followed without being formally communicated.

Team Building

Activities and exercises designed to enhance social relations and define roles within teams, often involving collaborative tasks.

Authority

The vested power to influence or command within an organization.