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If the measured unemployment rate is 8% and the natural unemployment rate is 3%, then

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If the measured unemployment rate is 8% and the natural unemployment rate is 3%, then

Question 1.

If the Fed lowered the reserve requirement, banks would have less money to loan out.

▸ true

▸ false

Question 2.

If the measured unemployment rate is 8% and the natural unemployment rate is 3%, then

▸ frictional unemployment is 5%.

▸ cyclical unemployment is 5%.

▸ frictional unemployment is 11%.

▸ structural unemployment is 11%.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 77 times

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tlaster

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More solutions for this book are available here

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