Sia
Question
Macroeconomics
Posted 7 months ago
Quiz 2
Google Classroom
Which of the following statements about the natural rate of unemployment is true?
Choose 1 answer:
(A) It is the same as the nonaccelerating inflation rate of unemployment (NAIRU).
(B) It is the sum of cyclical and frictional unemployment.
(c) It is the sum of cyclical and structural unemployment.
(D) All countries have the same natural rate of unemployment.
(E) It can change over time.
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Answer from Sia
Posted 7 months ago
E
Key Concept
Natural Rate of Unemployment
Explanation
The natural rate of unemployment is not fixed and can change over time due to shifts in labor market dynamics, changes in labor market policies, and variations in the demographics of the labor force. It includes frictional and structural unemployment but not cyclical unemployment.
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