The unemployment rate was increasing from 6 percent to 7 percent could be interpreted as an increase in the natural rate of

The population of a small town is 5,000. There are 4,000 people in the labor force, and 3,000 people are employed. The unemployment rate equals

A) 25 percent. B) 60 percent. C) 75 percent. D) an undetermined amount given the lack of information.

Increases in productivity due to changes in technological capacity could be best represented by:

a. Outward shift in the demand curve b. Outward shift in the supply curvec Outward shift in both the demand and supply curves d. Inward shift in the supply curve