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In September 2020 the actual unemployment in the US was 7.9%.If the natural rate of unemployment in the US was 4.5%, then the cyclical unemployment
- In September 2020 the actual unemployment in the US was 7.9%.If the natural rate of unemployment in the US was 4.5%, then the cyclical unemployment in September was
a. 4.5%
b. 3.4%
c. 7.9%
d. 12.4%
2.Ture or False. An increase in the tax on capital causes Investment to fall and r to fall in equilibrium.
3.Ture or False. A rise in interest rate (r) increases the opportunity cost of current consumption.
4.During the Great Recession unemployment rate peaked at
a. 10%
b. 20%
c. 5%
d. 15%
5.Ture or False. Structural unemployment exists in a well-functioning economy because it takes time to match workers with jobs.
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