Look at the following data: The frictional unemployment rate is 3 percent, the natural unemployment rate is 6.5 percent, and the cyclical unemployment rate is 2.4 percent. The structural unemployment rate is __________ percent Select one: A. 3 B. 3.5 C. 0.6 D. 5.4 Suppose that the consumer price index (CPI) in a country was 120 in 2007 and 144 in 2008. The inflation rate between those two years was Select one: A. 12 percent. B. 14 percent. C. 20 percent. D. 25 percent Construction workers laid off from their jobs as the result of a recession are considered Select one: A. structurally unemployed. B. cyclically unemployed. C. frictionally unemployed. D. seasonally unemployed.
Look at the following data: The frictional unemployment rate is 3 percent, the natural unemployment rate is 6.5 percent, and the cyclical unemployment rate is 2.4 percent. The structural unemployment rate is __________ percent Select one: A. 3 B. 3.5 C. 0.6 D. 5.4 Suppose that the consumer price index (CPI) in a country was 120 in 2007 and 144 in 2008. The inflation rate between those two years was Select one: A. 12 percent. B. 14 percent. C. 20 percent. D. 25 percent Construction workers laid off from their jobs as the result of a recession are considered Select one: A. structurally unemployed. B. cyclically unemployed. C. frictionally unemployed. D. seasonally unemployed.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Look at the following data: The frictional
Select one:
A. 3
B. 3.5
C. 0.6
D. 5.4
Suppose that the
Select one:
A. 12 percent.
B. 14 percent.
C. 20 percent.
D. 25 percent
Construction workers laid off from their jobs as the result of a recession are considered
Select one:
A. structurally unemployed.
B. cyclically unemployed.
C. frictionally unemployed.
D. seasonally unemployed.
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