Use the Following to Answer Questions

question 154

Multiple Choice

Use the following to answer questions :
Figure: Actual and Natural Rates of Unemployment
-(Figure: Actual and Natural Rates of Unemployment) Look at the figure Actual and Natural Rates of Unemployment. In 2014, the amount of cyclical unemployment was approximately:

• A)2%.
• B)0.5%
• C)9%.
• D)14%.

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Definitions:

Bushels of Wheat

A measurement unit for volume, commonly used in agriculture, representing the quantity of wheat.

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Insolvent Buyer

An individual or entity that cannot meet financial obligations or pay debts as they become due.

Reclaim Goods

The process by which a seller or creditor regains possession of goods from a buyer due to nonpayment or breach of contract.