QUESTION 13Use the following figure to answer this questionPer cent19601965fred.stlouisfed.org19701975Which of the following statements is not correct?Unemployment rate1980MANatural rate ofunemployment19851990A. In 1985, the U.S. economy was in recession.B. In 2000, the cyclical unemployment rate was approximately -1%.199520002005OC. In 2010, the economy was not in full employment.OD. In 1980, the cyclical unemployment rate was equal to the frictional unemployment rate.20102015myf.red/g/5jmn

The Natural rate of unemployment is a concept given by Milton Friedman. It is that rate of…

Which of the following statements is not correct? OA. In 1985, the U.S. economy was in recession. OB. In 2000, the cyclical unemployment rate was approximately -1%. OC. In 2010, the economy was not in full employment. OD. In 1980, the cyclical unemployment rate was equal to the frictional unemployment rate.

Which of the following statements is not correct? OA. In 1985, the U.S. economy was in recession. OB. In 2000, the cyclical unemployment rate was approximately -1%. OC. In 2010, the economy was not in full employment. OD. In 1980, the cyclical unemployment rate was equal to the frictional unemployment rate.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 7P

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