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Author Question: Suppose that the natural unemployment rate is 4.5 percent and the actual unemployment rate is 3.5 ... (Read 179 times)

tuffie

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on: Jun 29, 2018
Suppose that the natural unemployment rate is 4.5 percent and the actual unemployment rate is 3.5 percent. Then cyclical unemployment is
 
  A) 1 percent.
  B) -1 percent.
  C) 8 percent.
  D) 0 percent.

Question 2

A good with a vertical demand curve has a price elasticity of demand that ________.
 
  A) is equal to 1
  B) is equal to infinite
  C) is equal to zero
  D) varies between 0 and 1


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rnehls

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

B

Answer to Question 2

C


tuffie

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Liamb2179

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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