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Author Question: When an economy is at its natural rate of unemployment, which of the following will be true? A) ... (Read 93 times)

Yolanda

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on: Jun 29, 2018
When an economy is at its natural rate of unemployment, which of the following will be true?
 
  A) Only structural unemployment as a result of technological change will exist in the economy.
  B) The labor force participation rate will be 100.
  C) The unemployment rate will be greater than 0.
  D) The unemployment rate will be 0.

Question 2

In much of Europe, the legal age to obtain a driver's license is 18. If the legal driving age in the United States was changed to 18, how would this affect the market for new automobiles? The market for automobile insurance?
 
  What will be an ideal response?


sultansheikh

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

C

Answer to Question 2

The demand for new automobiles would decrease, as would the demand for automobile insurance.


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