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pucedog162Lv1
6 Oct 2020
Is it reasonable to expect the unemployment rate to fall to zero for an economy? What is the relationship of frictional, structural, and cyclical unemployment to the full-employment rate of unemployment, or natural rate of unemployment?
Is it reasonable to expect the unemployment rate to fall to zero for an economy? What is the relationship of frictional, structural, and cyclical unemployment to the full-employment rate of unemployment, or natural rate of unemployment?
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Akhila KumaranLv4
26 Oct 2020
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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.