If the Economy Is Operating at the Natural Rate of Unemployment

question 22

Multiple Choice

If the economy is operating at the natural rate of unemployment, _____.

• A)frictional unemployment will be zero
• B)structural unemployment will be zero
• C)cyclical unemployment will be zero
• D)the unemployment rate will equal zero
• E)seasonal unemployment will be zero

---

Definitions:

Advanced Technology

Cutting-edge or highly developed tools, systems, or devices that improve efficiency, productivity, or capability in a given field.

Chief Knowledge Officer

An executive responsible for an organization's knowledge management and intellectual capital.

High Quality

Characterized by superior materials, craftsmanship, or performance that meets or exceeds standards.

High-end Consumers

Individuals or market segments that prefer or exclusively buy premium, high-quality products or services.