Multiple Choice
If the frictional rate of unemployment is 1.45%, the structural rate of unemployment is 2.3%, and the total unemployment rate is 6%, then we can conclude that the:
A) economy is experiencing an economic downturn.
B) labor force participation rate has fallen significantly.
C) economic growth rate has decreased by 2.25%.
D) equilibrium rate of unemployment is 2.25%.
Correct Answer:
Verified
Correct Answer:
Verified
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