If the economy is at full employment,
A) the entire labour force is employed.
B) the only unemployment is frictional unemployment plus discouraged searchers.
C) real GDP equals potential GDP.
D) the entire population is employed.
E) all unemployment is cyclical and structural.
Correct Answer:
Verified
Q61: Jesse just graduated from university, and is
Q62: Counting discouraged searchers as unemployed would
A)not change
Q63: Some unemployment is unavoidable because
A)many people in
Q64: If the CPI was 228 at the
Q65: The reference base period is 2002.A consumer
Q67: Frictional unemployment
A)is unemployment associated with normal labour
Q68: The three types of unemployment are
A)frictional, structural,
Q69: When the unemployment rate is less than
Q70: If the CPI was 128 at the
Q71: Suppose the economy is experiencing frictional unemployment
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