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's natural rate of unemployment is
A) 14 percent.
B) 12 percent.
C) 11 percent.
D) 9 percent.
E) impossible to calculate without more information.
Correct Answer:
Verified
Correct Answer:
Verified
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