Economists define full employment as the level of employment that results when
A) the economy is in an economic boom.
B) the rate of unemployment is zero.
C) the rate of unemployment has fallen to its historical low of approximately two percent.
D) the rate of unemployment is normal, considering both frictional and structural factors.
Correct Answer:
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Q29: Which of the following about potential GDP
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
Q35: The economy is considered to be at
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
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