When an economy is at its natural rate of unemployment, which of the following will be true?
A) The unemployment rate will be 0%.
B) The labor force participation rate will be 100%.
C) The unemployment rate will be greater than 0%.
D) Only structural unemployment as a result of technological change will exist in the economy.
Answer: C
Economics
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Using the above figure, in the absence of any government intervention, the number of tons of paper produced will be
A) 60 million tons. B) 80 million tons. C) 100 million tons. D) 120 million tons.
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If a monopolist in the output market purchases its monopoly supplier of labor, consumers benefit
What will be an ideal response?
Economics