Look at the following data: The structural unemployment rate is 4 percent, the natural unemployment rate is 5 percent, and the cyclical unemployment rate is 3 percent. The frictional unemployment rate is ____________ percent and the actual unemployment rate is __________ percent
A) 2; 7
B) 2; 8
C) 1; 7
D) 1; 8
D
You might also like to view...
In a crop market with a price support above the equilibrium price, the total amount of the subsidy paid to farmers is equal to the
A) quantity of the surplus crop multiplied by the support price. B) quantity of the crop produced multiplied by the support price. C) quantity of the crop purchased by domestic users multiplied by the support price. D) quantity of the surplus crop multiplied by the equilibrium price. E) quantity of the crop purchased by domestic users multiplied by the equilibrium price.
If we graph marginal utility, the curve has a negative slope. This is because of the
A. optimal purchase rule. B. law of increasing costs. C. law of diminishing marginal utility. D. marginal rate of substitution.
The above table gives the market demand and market supply schedules for soda. What is the maximum price consumers are willing to pay for the 400th can of soda?
A) $0.80 per can B) $0.70 per can C) $0.60 per can D) $0.50 per can
With special-interest legislation,
a. benefits are concentrated but costs are widespread b. both benefits and costs are concentrated c. benefits are widespread but costs are concentrated d. both benefits and costs are widespread e. there is no predictable relationship between costs and benefits