Multiple Choice
Suppose the unemployment rate is 8.5 percent and we know that frictional and structural unemployment together account for 5.5 percent. The cyclical unemployment rate is then
A) 14 percent.
B) 8.5 percent.
C) 5.5 percent.
D) 3.0 percent.
E) - 3.0 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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