Suppose the natural rate of unemployment is believed to be 5.8%. If actual unemployment at the time is 6.2%,?
Suppose the natural rate of unemployment is believed to be 5.8%. If actual unemployment at the time is 6.2%, it follows that
(a) cyclical unemployment is zero.
(b) structural unemployment is 0.4% of the labor force.
(c) cyclical unemployment is 6.2% of the labor force.
(d) cyclical unemployment is 0.4% of the labor force.
Answer:
d
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(a) cyclical unemployment is zero.
(b) structural unemployment is 0.4% of the labor force.
(c) cyclical unemployment is 6.2% of the labor force.
(d) cyclical unemployment is 0.4% of the labor force.
Answer:
d
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