Which of the following statements regarding cyclical unemployment are not true? (Check all that apply.) A....

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Which of the following statements regarding cyclical unemployment are not true? (Check all that apply.) A. It is negative in recessions and positive in economic booms. B. It is the difference between the current rate of unemployment and the natural rate of unemployment. C. It is positive in recessions and negative in economic booms. D. It is the difference between the long-term average rate of unemployment and the natural rate of unemployment. Which of the following statements regarding the natural rate of unemployment are true? (Check all that apply.) A. It is the rate which fluctuates around the actual rate of unemployment. B. It is the rate of unemployment that is socially optimal or desirable. C. It is the long-term average rate of unemployment. D. It is the rate around which the actual rate of unemployment fluctuates. Which of the following statements regarding cyclical unemployment are not true? (Check all that apply.) A. It is negative in recessions and positive in economic booms. B. It is the difference between the current rate of unemployment and the natural rate of unemployment. C. It is positive in recessions and negative in economic booms. D. It is the difference between the long-term average rate of unemployment and the natural rate of unemployment. Which of the following statements regarding the natural rate of unemployment are true? (Check all that apply.) A. It is the rate which fluctuates around the actual rate of unemployment. B. It is the rate of unemployment that is socially optimal or desirable. C. It is the long-term average rate of unemployment. D. It is the rate around which the actual rate of unemployment fluctuates.

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Answer 1 C It is positive in recessions and negative in economic booms D It is the diffe... View the full answer