In a perfectly competitive labor market, at the equilibrium wage ...

[joblessjake]

In a perfectly competitive labor market, at the equilibrium wage rate:
 
  A) cyclical unemployment is negative. B) frictional unemployment is positive.
  C) frictional unemployment is zero. D) cyclical unemployment is positive.

Question 2

________ unemployment is NOT associated with economic fluctuations.
 
  A) Frictional B) Cyclical C) Structural D) both A and C

[Silverbeard98]

Answer to Question 1

C

Answer to Question 2

D