Multiple Choice
East Westfalia reported these unemployment rates for 2015: cyclical 3 percent, seasonal 2 percent, frictional 5 percent and structural 4 percent. East Westfalia has a(n)
A) full employment equilibrium.
B) monetary squeeze.
C) structural revolution.
D) recessionary gap.
E) inflationary gap.
Correct Answer:
Verified
Correct Answer:
Verified
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