Question
The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Unemployment Type Rate (Percent) Frictional 3.3 Cyclical 0.0 Structural 1.0
The following table presents data on frictional, cyclical, structural, and total unemployment for an economy.
| Unemployment Type | Rate |
|---|---|
| (Percent) | |
| Frictional | 3.3 |
| Cyclical | 0.0 |
| Structural | 1.0 |
| Total unemployment | 4.3 |
True or False: This economy is not currently at its natural rate of unemployment.
True
False
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Statistics For Engineers And Scientists
Authors: William Navidi
3rd Edition
73376345, 978-0077417581, 77417585, 73376337, 978-0073376332
