Multiple Choice
If the unemployment rate is 9 percent and the natural rate of unemployment is 7.5 percent, then the:
A) frictional unemployment rate is 7.5 percent.
B) cyclical unemployment rate and the frictional unemployment rate together are 7.5 percent.
C) cyclical unemployment rate is 1.5 percent.
D) natural rate of unemployment will eventually increase.
Correct Answer:
Verified
Correct Answer:
Verified
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