Multiple Choice
Suppose that in an economy the structural unemployment rate is 2.1 percent,the frictional unemployment rate is 2.3 percent,and the unemployment rate is 12.1 percent.The natural unemployment rate is _________ percent and the cyclical unemployment rate is ___________ percent.
A) 7.7; 4.4
B) 0.2; 9.9
C) 4.4; 7.7
D) 10; 3.1
Correct Answer:
Verified
Correct Answer:
Verified
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