The Unemployment Rate That Exists When the Economy Is at Potential

question 120

Multiple Choice

The unemployment rate that exists when the economy is at potential GDP is called

• A)the natural rate of unemployment.
• B)cyclical unemployment.
• C)deflation-based unemployment.
• D)zero-rate unemployment.

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Definitions:

Flexible Benefits

An employee benefits plan that allows employees to choose from a range of options to create a benefits package that best suits their needs and circumstances.

Employee Benefits

Non-wage compensations provided to employees in addition to their normal salaries or wages, such as health insurance, paid vacation, and retirement plans.

Incentive Program

A formal scheme used by businesses to promote or encourage specific actions or behaviors by a specific group of people within a certain time period through rewards.

Certain Dollar Amount

A specific, predetermined monetary value used in financial transactions, budgets, or to set financial thresholds.