The natural rate of unemployment is the:
A. unemployment rate experienced at the depth of a depression.
B. full-employment unemployment rate.
C. unemployment rate experienced by the least-skilled workers in the economy.
D. unemployment rate experienced by the most-skilled workers in the economy.
Answer: B. full-employment unemployment rate.
You might also like to view...
If the Fed makes the quantity of money grow at the same rate as the growth rate of real GDP and velocity does not change, in the long run what happens to the price level and the inflation rate?
What will be an ideal response?
When borrowers who do not intend to repay are able to hide their bad credit histories, a lender's well-intentioned borrowers should
a. complain to regulatory authorities b. withdraw their loan applications c. offer more collateral in exchange for lower interest charges d. divulge still more information on their loan applications e. hope for a pooling equilibrium
The market supply curve for any product:
a. always depends on the market demand for that product. b. depends on the general income level of the consumers in the market. c. is a summation of individual firms' supply curves. d. equals the total revenue generated through sale of the commodity. e. is affected by the prices of related products.
The Social Security payroll tax is ________ on the employee, and ________ on the employer, on all earned income up to a cap, which is adjusted for inflation each year.
A. 0 percent; 15.3 percent B. 6.2 percent; 6.2 percent C. 7.65 percent; 7.65 percent D. 15.3 percent; 0 percent