The natural rate of unemployment is a. zero percent. Cyclical unemployment is closely associated with a. long-term economic growth. Efficiency wages are a. the lowest wage an employer can pay. The labor force is defined as a. the military. The theory of efficiency wages explains why a. it might be inefficient to pay workers the competitive equilibrium wage.
Firms worry about worker turnover because a. it is costly to hire and train new workers.
All of the above would be considered human capital 6. All of the above are correct. The supply of loanable funds comes from households who want to save some of their income and lend it out.