The natural rate of unemployment consists of
A. only seasonal unemployment.
B. unemployment associated with high inflation.
C. only structural unemployment.
D. structural and frictional unemployment.
Answer: D
Economics
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Any policy change that results in a Pareto-superior allocation
A) will increase welfare under certain conditions. B) must increase welfare. C) will leave welfare unchanged. D) will have an unpredictable effect on welfare.
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