The natural rate of unemployment does not include
a. frictional unemployment
b. technological unemployment
c. workers who are unemployed because of a recession
d. people laid off because the demand for their good disappeared, such as blacksmiths
e. people who voluntarily quit their jobs to look for other, more promising jobs
C
You might also like to view...
Which of the following statements concerning utility as a measure for well being are false?
A) There is generally a positive relationship between income and utility. B) It is possible to determine which of two individuals is made happier by consuming a particular market basket. C) Utility is an abstract representation of an individual's degree of happiness. D) Cross country studies suggest that citizens in wealthier countries are happier than citizens in poorer countries.
A sales tax is an example of an excise tax
Indicate whether the statement is true or false