The Fed's efforts to attain full employment are complicated by
A) the persistence of cyclical unemployment
B) the instability of the inflation rate
C) new legislation that attempts to avoid financial panics
D) the difficulty of determining what normal unemployment means
E) conflicting objectives among its member banks

Question

Quizplus · Accepted Answer

Determining what normal unemployment means is challenging because it involves understanding the natural rate of unemployment, which can fluctuate due to changes in the labor market and economy.

The Fed's Efforts to Attain Full Employment Are Complicated by