If unemployment equals the natural unemployment rate, then there ...

[FButt]

If unemployment equals the natural unemployment rate, then there
 
  A) is zero unemployment.
  B) is only frictional or structural unemployment.
  C) are no job openings existing at the time.
  D) is less than full employment.

Question 2

Demand is price inelastic if a relatively ________ price increase leads to a relatively ________ in the quantity demanded.
 
  A) large; small increase
  B) small; large decrease
  C) large; small decrease
  D) small; large increase

[scikid]

Answer to Question 1

B

Answer to Question 2

C