Full employment occurs when:
A) all the labor resources in the economy are employed.
B) the only types of unemployment are frictional and structural.
C) the only type of unemployment is frictional.
D) the only types of unemployment are structural and cyclical.
Correct Answer:
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Q29: Which of the following best describes cyclical
Q30: For the individual, the most obvious cost
Q31: Which of the following best describes structural
Q32: Changes in the unemployment rate over the
Q33: Higher wages due to the minimum wage
Q35: Unemployment that occurs during the contractionary phase
Q36: Which of the following best describes frictional
Q37: Suppose there is unemployment because of inadequate
Q38: The three types of unemployment are:
A) frictional,
Q39: The number of persons employed plus the
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