The economy is considered to be at full employment when
A) the actual rate of unemployment is less than the natural rate.
B) the leading economic indicators are unchanged for two consecutive quarters.
C) structural unemployment is zero.
D) frictional plus structural unemployment is less than the natural rate.
E) the rate of cyclical unemployment is zero.
Correct Answer:
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Q30: Which of the following is a true
Q31: Full employment is the situation in which
Q32: Which of the following is true of
Q33: In a modern dynamic economy such as
Q34: Economists define full employment as the level
Q36: Actual GDP will be below potential GDP
A)
Q37: When the rate of cyclical unemployment is
Q38: During an economic boom,
A) the actual rate
Q39: Which of the following about unemployment is
Q40: The natural rate of unemployment
A) is a
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