Multiple Choice
Which of the following statements concerning the natural rate of unemployment is incorrect?
A) It is made up of both frictional and structural unemployment.
B) It is the rate of unemployment at full employment.
C) It is when the total number of job vacancies equals the number of people unemployed.
D) It is probably about 5% to 7% in Canada today.
E) It is when both frictional and structural unemployment is zero.
Correct Answer:
Verified
Correct Answer:
Verified
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