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"The natural rate of unemployment
Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is
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unknown 2.0
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Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is
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unknown 2.0
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QUESTION THREE
(25 Marks) a) Answer each of the following: i. What are the main components of unemployment? What is the natural
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Elick
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select the correct answer out of all the possQuestion 1 (1.00 points)
Question one The natural rate of unemployment is: a. higher
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muneebah
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When the gross domestic product (GDP) is shrinking, what is most likely happening to the unemployment rate?
A. The unemployment
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Cyclical unemployment refers to
a. the portion of unemployment created by wages set above the equilibrium level. b. the portion
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unknown 2.0
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suppose an economy is operating on its short-run phillips curve, and the unemployment rate is below the natural rate of
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The Phillips curve captures the supply side short run relationship between inflation and unemployment is given by
a. Suppose job
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bobdube
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If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal
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Anonymous
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Full employment indicates:
A. A zero percent frictional unemployment rate B. A zero percent cyclical unemployment rate C. A zero
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