In a modern dynamic economy such as the United States, full employment generally means
A) cyclical unemployment is present.
B) everyone (excluding teenagers) that would like to work is employed.
C) approximately 95 percent of the labor force is employed.
D) 100 percent of the labor force is either working or seeking work.
Correct Answer:
Verified
Q28: If unemployment in the United States was
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
Q34: Economists define full employment as the level
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
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