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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?

Macroeconomics: Private and Public Choice (MindTap Course List)
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
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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
Transcribed Image Text: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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