Government statisticians have estimated that . frictional unemployment is 3.5%; and structural unemployment is 3.0%. If they have estimated that cyclical unemployment is currently -1.9%, what is their estimate for the natural rate of unemployment?

Government statisticians have estimated that . frictional unemployment is 3.5%; and structural unemployment is 3.0%. If they have estimated that cyclical unemployment is currently -1.9%, what is their estimate for the natural rate of unemployment?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

op
Government statisticians have estimated that:
. frictional unemployment is 3.5%; and
structural unemployment is 3.0%.
If they have estimated that cyclical unemployment is currently -1.9%, what is their estimate for the
natural rate of unemployment?
Round to one decimal place and do not enter the % sign. If your answer is 6.14%, enter 6.1. If your
answer is 6.15%, enter 6.2. If appropriate, remember to enter the sign
6.5

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