Suppose that the natural unemployment rate is 4.5 percent and the ...

[tuffie]

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

[rnehls]

Answer to Question 1

B

Answer to Question 2

C

[tuffie]

Excellent

[smrtceo]

TYSM