QUESTION 13Use the following figure to answer this questionPer cent19601965fred.stlouisfed.org19701975Which of the following statements is not correct?Unemployment rate1980MANatural rate ofunemployment19851990A. In 1985, the U.S. economy was in recession.B. In 2000, the cyclical unemployment rate was approximately -1%.199520002005OC. In 2010, the economy was not in full employment.OD. In 1980, the cyclical unemployment rate was equal to the frictional unemployment rate.20102015myf.red/g/5jmn

The Natural rate of unemployment is a concept given by Milton Friedman. It is that rate of…

Which of the following statements is not correct? OA. In 1985, the U.S. economy was in recession. OB. In 2000, the cyclical unemployment rate was approximately -1%. OC. In 2010, the economy was not in full employment. OD. In 1980, the cyclical unemployment rate was equal to the frictional unemployment rate.

Which of the following statements is not correct? OA. In 1985, the U.S. economy was in recession. OB. In 2000, the cyclical unemployment rate was approximately -1%. OC. In 2010, the economy was not in full employment. OD. In 1980, the cyclical unemployment rate was equal to the frictional unemployment rate.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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