: This economy is not currently at its natural rate of unemployment.

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
Problem 6CQ
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The following table shows data on frictional, cyclical, structural, and total unemployment for an economy.
Rate
Unemployment Type
(Percent)
Frictional
3.9
Cyclical
0.0
Structural
1.1
Total unemployment
5.0
True or False: This economy is not currently at its natural rate of unemployment.
True
False
Transcribed Image Text:The following table shows data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) Frictional 3.9 Cyclical 0.0 Structural 1.1 Total unemployment 5.0 True or False: This economy is not currently at its natural rate of unemployment. True False
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