Full employment corresponds to
A) being at the point where the marginal product of labor equals zero.
B) equilibrium in the labor market, with real GDP being equal to potential GDP.
C) equilibrium in the labor market, and real GDP exceeding potential GDP.
D) labor demand being greater than labor supply and real GDP being equal to potential GDP.
Correct Answer:
Verified
Q113: Equilibrium in the labor market
A) cannot occur
Q136: When the population increases with no change
Q137: Q138: If the real wage rate is such Q139: When the real wage rate is such Q141: In Country A, the working age population Q142: If both the supply of labor and
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