Suppose That in an Economy the Frictional Unemployment Rate Is

Multiple Choice

Suppose that in an economy the frictional unemployment rate is 3.1 percent,the natural unemployment rate is 4.5 percent,and the cyclical unemployment rate is -1 percent.The structural unemployment rate is _________ percent and the actual unemployment rate (in this economy) is ___________ percent.

A) 1.4; 5.5
B) 1.4; 3.5
C) 7.6; 6.6
D) 3.5; 1.4