Which of the following is a positive statement? a. When the unemployment rate in an economy is 7 percent, the unemployment rate of the urban population is often close to 40 percent. b. Unemployment and inflation are equally important problems. O C. An inflation rate of 7 percent is too high. d. Unemployment is a less important problem than inflation. e. An unemployment rate of 7 percent or higher is a national disgrace.

Which of the following is a positive statement? a. When the unemployment rate in an economy is 7 percent, the unemployment rate of the urban population is often close to 40 percent. b. Unemployment and inflation are equally important problems. O C. An inflation rate of 7 percent is too high. d. Unemployment is a less important problem than inflation. e. An unemployment rate of 7 percent or higher is a national disgrace.

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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