Author Question: Suppose the natural unemployment rate equals 6 percent and the current unemployment rate is 8 ... (Read 98 times)

krzymel · **on:** Jun 29, 2018

Suppose the natural unemployment rate equals 6 percent and the current unemployment rate is 8 percent. We can conclude that

A) there is no structural unemployment.
B) there is no frictional unemployment.
C) there is no cyclical unemployment.
D) full employment is not occurring.

Question 2

A common definition of a recession is a time with

A) a decline in the price level.
B) a decline in interest rates.
C) a decrease in real GDP for two or more successive quarters.
D) a decrease in real GDP for two or more successive years.