Suppose that the current overall unemployment rate is 7.5%. If structural unemployment is 1.5%, frictional unemployment is 3%, and cyclical unemployment is 2%, what is the unemployment rate that is due to seasonal factors?

a. 14.0%
b. 5.5%
c. 4.5%
d. 6.0%
e. 1.0%


E

Economics

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What key assumption for perfect competition would lead you to believe that fast food is not a perfectly competitive industry explain why.

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Figure 12.8 depicts an advertising game between two stores. Which of the following statements is correct?

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Which of the following is NOT correct?

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