Canadiana has a labour force of 175000 and unemployment of 35000. If the natural rate of unemployment is considered to be 2%. The rate of cyclical unemployment is percent.
Canadiana has a labour force of 175000 and unemployment of 35000. If the natural rate of unemployment is considered to be 2%. The rate of cyclical unemployment is percent.
Chapter1: Making Economics Decisions
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Transcribed Image Text:Canadiana has a labour force of 175000 and unemployment of 35000. If the
natural rate of unemployment is considered to be 2%. The rate of cyclical
unemployment is
percent.
***Round your answer to the nearest first decimal place. E.g. if you get 10.2345 put
10.2***
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