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Author Question: Suppose the natural unemployment rate equals 6 percent and the current unemployment rate is 8 ... (Read 94 times)

krzymel

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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.


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canderson530

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


krzymel

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

vickybb89

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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