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91 pts If the actual unemployment rate is 7% and the cyclical unemployment rate is 2%, then the natural rate of unemployment is: Group of
91 pts If the actual unemployment rate is 7% and the cyclical unemployment rate is 2%, then the natural rate of unemployment is: Group of answer choices 7% 9% 5% 2% Flag question: Question 10 Question 101 pts A strong labor unions might result in: Group of answer choices Lower level of employment and a higher unemployment rate No changes in employment Higher levels of employment Lower level of employment but likely no change in the unemployment rate Flag question: Question 11 Question 111 pts Firms pay efficiency wages because: Group of answer choices It is required by law It reduces the risk of losing the best workers It reduces the employee's income tax liability They don't have to offer health insurance if they pay efficiency wages
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