We consider the unemployment rate to be ___________, hence why the unemployment rate _________ following a negative real shock. a.acyclical, rises b.countercyclical, rises c.countercyclical, falls d.procyclical, falls e.procyclical, rises

The structural unemployment rate is 4 percent, the natural unemployment rate is 5 percent, and the cyclical unemployment rate is 3 percent. The frictional unemployment rate is ____________ percent and the actual unemployment rate is __________ percent.   A. 2; 7   B. 2; 8   C. 1; 7   D. 1; 8

Explaining short-run economic fluctuations

QUESTION 13 "Consider the labor market in year 2021 but now assume that wages are totally rigid and cannot adjust during 2021. In this year business owners predict low sales for the years to come. As a result, they reduce labor demand. Draw the new equilibrium in a diagram and label it as point C. Use the following equations to find the new equilibrium: LD-70.000-w, LS-b+2w, where b-10,000. What is the unemployment rate? Keep in mind that wages are totally rigid and use the diagram to help you understand what is going on." 43 percent 22 percent. O 20 percent None of the other options

At a business cycle trough, cyclical unemployment is A. high; zero B. zero; low C. negative; positive D. positive; negative and at a business cycle peak, cyclical unemployment is

The sum of frictional, seasonal, and structural unemployment is referred to as the _______________________________. This is the average level of unemployment that is expected to prevail in an economy and in the absence of cyclical unemployment.   a. natural rate of unemployment   b. “full employment" unemployment rate   c. normal rate of unemployment   d. none of the above is correct   e. a, b, and c are all correct

The normal rate of unemployment that persists in the economy in the long run is called    a. frictional unemployment.   b. structural unemployment.   c. cyclical unemployment. d. the natural rate of unemployment.

Please help with this practice question

Question 1 The economy Is at full emplayment when A there are more unemployedbtworkers than vacancCIe Ball unemployment Is cyClical C there are no unemplayment wUorkers Dallemploymentis frietional and lor structabral Question 2 Structioral Unemployment Isassociated with A short -term unemployment B general down turns in the economY C the changing of jobs ina dynamic economy D the changes intechnology that change required Question 3 Real GDP Is adjusted for inflation ATrue B False Queston 4 Including discouraged workers in the calculation unemployment rate would JA increase the reported rate B lower the reported rate not change the reported rate D chunge the reported rate butin an unpredictat

Suppose the economy is self-regulating and the (actual) unemployment rate is less than the natural unemployment rate. This means that the economy is producing a level of output  a. above its naturel level and will eventually cut back on output  b. below its natural level and will eventually increase output  c. below its natural level but no forces exist to automatically increase output  d. above its natural level and institutional constraints will automatically be reduced so as  to allow the economy to continue producing this level  e. none of the above