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Author Question: In a perfectly competitive labor market, at the equilibrium wage rate: A) cyclical unemployment ... (Read 113 times)

joblessjake

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on: Jun 30, 2018
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
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Silverbeard98

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


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