ECON HELP!!!!!! how do i calculate this problem? ?
Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. The frictional unemployment rate is _________ percent and the actual unemployment rate (in this economy) is ___________ percent.
- OiyLv 68 months ago
1.1% and 5.3%, Don't believe me. I don't understand a word.