If the current seasonally adjusted unemployment rate is 8.5%, how much of this percentage is due to cyclical unemployment? a. About 3.5% points. O b. About 2.0% points. Oc. About 3.0% points. d. About 2.5% points

If the current seasonally adjusted unemployment rate is 8.5%, how much of this percentage is due to cyclical unemployment? a. About 3.5% points. O b. About 2.0% points. Oc. About 3.0% points. d. About 2.5% points

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

If the current seasonally adjusted unemployment rate is 8.5%, how much of this percentage is due to cyclical unemployment?
a. About 3.5% points.
O b. About 2.0% points.
Oc. About 3.0% points.
O d. About 2.5% points

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