When economists speak of full employment, they refer to the case in which the sum of frictional and structural unemployment is
A) equal to zero.
B) greater than the level of deficient demand unemployment.
C) falling over time.
D) equal to the actual amount of unemployment.
Correct Answer:
Verified
Q231: When cyclical unemployment is zero,
A) structural unemployment
Q232: The natural unemployment rate
A) is equal to
Q233: Full employment means
A) only cyclical unemployment exists.
B)
Q234: If unemployment equals the natural unemployment rate,
Q235: The natural unemployment rate
A) rises with a
Q237: The natural unemployment rate is the unemployment
Q238: The natural unemployment rate
A) is the unemployment
Q239: The natural unemployment rate is
A) the unemployment
Q240: When the economy is at full employment
Q241: If the economy is at full employment,
A)
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