when the actual unemployment rate is equal to the natural rate of unemployment that implies that there is no cyclical unemployment.
true or false?
when the actual unemployment rate is equal to the natural rate of unemployment that implies that...
When the output gap is negative, the actual unemployment rate is: O below the natural rate. O equal to the natural rate. Oabove the natural rate. The actual and natural unemployment rates are not related to the output gap.
The natural rate of unemployment is the unemployed rate when the economy is fully employed with AS = AD; and the Long- run supply curve is vertical at this point of equilibrium; or, the rates arrived at by adding up frictional and structural). If the AS=AD occurs to the left of the vertical supply curve, the unemployment is normal ( includes all three types = cyclical, frictional, and structural). True False
12 ay if a country's natural unemployment rate is 5 percent and its actual unemployment rate is 6.5 percent, what is its cyclical unemployment rate? percent Instructions: Enter the value for the output gap as an absolute number b) According to Okun's law, this country would have a recessionary output gap of percent. 0123:17
An economy has the natural rate of unemployment equal to 8.3%. The inflation rate in the previous period was 8.3%. If there is no cyclical unemployment and the country has adaptive expectations, what is the difference (in percentage points) between the inflation rate and the expected inflation rate?
a) If a country's natural unemployment rate is 5 percent and its actual unemployment rate is 3.5 percent, what is its cyclical unemployment rate? percent Instructions: Enter the value for the output gap as an absolute number. b) According to Okun's law, this country would have (Click to select) an expansionary a recessionary output gap of percent.
The natural unemployment rate is not zero because natural unemployment includes O A. cyclical and structural unemployment O B. frictional and cyclical unemployment Oc frictional and structural unemployment OD. Cyclical unemployment O E. discouraged workers during an expansion The unemployment rate fluctuates around the natural unemployment rate O A frictional unemployment increases, decreases OD cyclical unemployment decreases increases OG Structural unemployment increases, decreases OD. cyclical unemployment increases, decreases OL frictional unemployment decreases increases
If the actual unemployment rate is below the natural rate of unemployment, it would be expected that: Group of answer choices the natural rate of unemployment would fall the Phillips curve would shift to the left the rate of inflation would increase wages would fall
Suppose that the natural rate of unemployment in a particular year is 6 percent and the actual rate of unemployment is 9 percent. Use Okun’s law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in that year, how much output is being forgone because of cyclical unemployment? Suppose that the natural rate of unemployment in a particular year is 6 percent and the actual rate of unemployment is 9 percent....
a. Suppose the natural rate of unemployment is 4 percent. What is the actual rate of unemployment if actual output is 2 percent below potential output? (Please express your answer in percent terms) b. In Macroland, potential output equals $100 trillion and the natural rate of unemployment is 4 percent. If the actual unemployment rate is 3 percent, then real GDP equals:
The natural rate of unemployment is generally thought of as the A) ratio of the frictional unemployment rate to the cyclical unemployment rate. B) sum of structural unemployment and cyclical unemployment. C) sum of frictional unemployment and cyclical unemployment. D) sum of frictional unemployment and structural unemployment.