Question

The cyclical unemployment rate is defined as the __________ unemployment rates. a. sum of the structural...

The cyclical unemployment rate is defined as the __________ unemployment rates.

a.

sum of the structural and the frictional
b.

difference between the structural and the frictional.
c.

difference between the actual and the natural rate of unemployment.
d.

sum of the natural and the frictiona.
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Answer #1

Option c

difference between the actual and the natural rate of unemployment

Cyclical unemployment is unemployment because of a slow down in the economy.

Structural unemployment is because of the change in the law, structure of a company, location of the company or technological changes.

Frictional unemployment is unemployment because of job switching or time between jobs.

The natural rate of unemployment is "the unemployment is available in an economy at any time," and that is structural and frictional unemployment.

Cyclical unemployment t =actual unemployment - the natural rate of unemployment.

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