Use the Following to Answer Questions

question 90

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 1982, the natural unemployment rate (structural plus frictional) was approximately:

• A)zero.
• B)4%.
• C)6%.
• D)10%.

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Definitions:

Trade Discount

A reduction in the listed price of a product or service offered by a seller to a buyer in the same trade.

Suggested Retail Price

The price that manufacturers recommend retailers to sell their products for to consumers, often seen as MSRP (Manufacturer's Suggested Retail Price).

Cash Discounts

A reduction in the price of goods or services offered to buyers as an incentive for early payment or payment in cash.

Quantity Discounts

Price reductions based on the volume or amount of product purchased, incentivizing bulk buying.