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Pls refer to table below:

Unemployment Type Rate (%)
Frictional 3.9
Cyclical 0.0
Structural 1.1
Total Unemployment 5.0

True or False: This economy is currently at its natural rate of unemployment.

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Ronaldo Mendoza
Ronaldo MendozaLv10
26 Aug 2020

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Related questions

When the economy is at full​ employment,

A. The amount of cyclical unemployment equals zero.

B. The natural unemployment rate equals zero.

C. The amount of structural unemployment equals zero.

D. The amount of frictional unemployment equals zero.

 

The natural rate of unemployment is best defined as

A) the rate of unemployment when there is no cyclical or structural unemployment.
B) the state of the economy when there is 0 unemployment.
C) the rate of unemployment after all workers and employers have fully adjusted to all changes in the economy.
D) the rate of unemployment when there is no frictional or cyclical unemployment.

1. What is the relationship between LRAS and the natural rate of unemployment?

a. If the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 1/2%, and cyclical unemployment of 2%, what is the natural rate of unemployment? Where is the economy operating relative to LRAS?

b. What happens to the natural rate of unemployment and LRAS if structural unemployment rises 3% and everything else stays the same as in part a?

c. What happens to the natural rate of unemployment and LRAS if structural unemployment falls 1.5% and the other numbers are the same as part a?

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