2) a) The official, measured rate of unemployment fluctuates around the economy’s natural rate of unemployment—it is sometimes above it, and sometimes below it. (True or False) b) An economy with an unemployment rate higher than its natural rate of unemployment is experiencing cyclical unemployment. (True or False) c) Two types of unemployment contribute to a nation’s natural rate of unemployment. One type is ____________________ unemployment, and the other is _______________________ unemployment.
2) a) The official, measured rate of unemployment fluctuates around the economy’s natural rate of unemployment—it is sometimes above it, and sometimes below it. (True or False) b) An economy with an unemployment rate higher than its natural rate of unemployment is experiencing cyclical unemployment. (True or False) c) Two types of unemployment contribute to a nation’s natural rate of unemployment. One type is ____________________ unemployment, and the other is _______________________ unemployment.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 41CTQ: Unemployment rates have been higher in many European countries in recent decades than in the United...
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Question
2)
a) The official, measured rate of
economy’s natural rate of unemployment—it is sometimes above it, and sometimes below it. (True or False)
b) An economy with an unemployment rate higher than its natural rate of
unemployment is experiencing cyclical unemployment. (True or False)
c) Two types of unemployment contribute to a nation’s natural rate of unemployment. One type is ____________________ unemployment, and the other is _______________________
unemployment.
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