If there is 3.5 percent frictional unemployment, 4 percent structural unemployment, and the actual rate of unemployment equals 6.5 percent, then the cyclical unemployment must be Multiple Choice 7.5 percent. -1 percent. 2.5 percent. 3 percent.
If there is 3.5 percent frictional unemployment, 4 percent structural unemployment, and the actual rate of unemployment equals 6.5 percent, then the cyclical unemployment must be Multiple Choice 7.5 percent. -1 percent. 2.5 percent. 3 percent.
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 6CQ
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![If there is 3.5 percent frictional unemployment, 4 percent structural unemployment, and the actual rate of unemployment equals 6.5 percent, then the
cyclical unemployment must be
Multiple Choice
7.5 percent.
-1 percent.
2.5 percent.
3 percent.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1d198d2-918b-41c3-8a53-daba1894d18a%2F5f56a891-d257-45b9-b0bf-c9fa31a73a3e%2Fz5mmmb_processed.png&w=3840&q=75)
Transcribed Image Text:If there is 3.5 percent frictional unemployment, 4 percent structural unemployment, and the actual rate of unemployment equals 6.5 percent, then the
cyclical unemployment must be
Multiple Choice
7.5 percent.
-1 percent.
2.5 percent.
3 percent.
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