If the Full-Employment Rate of Unemployment Is 5 Percent,and the Economy

question 67

Multiple Choice

If the full-employment rate of unemployment is 5 percent,and the economy is experiencing a 7 percent unemployment rate,what is the rate of cyclical unemployment?

• A) 7 percent
• B) 12 percent
• C) -2 percent
• D) 5 percent
• E) 2 percent

---

Definitions:

Identity

The characteristics, qualities, or beliefs that define or distinguish an individual or group.

Process

Process is a series of actions or steps taken to achieve a particular end, often involving progression through stages or phases.

Relationship

A connection, association, or involvement between two or more parties, whether personal, professional, or otherwise.

Topic

The subject or theme of a conversation, discussion, or area of inquiry.