What Is the Current Estimate of the Natural Rate of Unemployment

question 74

Multiple Choice

What is the current estimate of the natural rate of unemployment in Canada?

• A) 5 percent
• B) 7 percent
• C) 9 percent
• D) 11 percent

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Definitions:

Real Estate

Property consisting of land and the buildings on it, along with its natural resources.

Consideration

In contract law, the benefit or value that is exchanged between parties in a contract, making it binding and legally enforceable.

Deed of Trust

A document that conveys title to real property to a trustee as security for a loan until the grantor (borrower) pays the lender according to the terms of a loan.

Mortgage

A loan secured by the collateral of real estate property, where the borrower is obliged to pay back with a predetermined set of payments.