The natural rate of unemployment is
a. the rate of unemployment caused by frictional plus structural unemployment
b. the actual rate of unemployment less structural unemployment
c. structural, frictional, and cyclical unemployment
d. full employment less structural unemployment
e. the civilian population that is out of work and actively seeking a job
A
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Time-series forecasting models:
a. are useful whenever changes occur rapidly and wildly b. are more effective in making long-run forecasts than short-run forecasts c. are based solely on historical observations of the values of the variable being forecasted d. attempt to explain the underlying causal relationships which produce the observed outcome e. none of the above
When a country experiences capital flight its currency
a. appreciates and net exports rise. b. appreciates and net exports fall. c. depreciates and net exports rise. d. depreciates and net exports fall.