Refer to Scenario 1.  What is the natural rate of unemployment?   Question 13 options:   a)  7.69%   b)  7.1%   c)  6.0%   d)  6.38%

Macroeconomics: Private and Public Choice (MindTap Course List)
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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
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Scenario 1. 
Assume that frictional unemployment is 25; structural unemployment is 50; cyclical unemployment is 150; discouraged workers = 75; employed workers = 750; underemployed workers = 200. 
Use this information to answer the following 5 questions.

Refer to Scenario 1.  What is the natural rate of unemployment?
 

Question 13 options:

 

a) 

7.69%
 

b) 

7.1%
 

c) 

6.0%
 

d) 

6.38%
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