As the economy switched gears between 2008 and 2010,
A) cyclical unemployment occurred and full employment ended.
B) cyclical unemployment decreased and full employment increased.
C) full employment ended as structural unemployment increased.
D) full employment ended as frictional unemployment increased.
E) frictional unemployment decreased and full employment increased.
Correct Answer:
Verified
Q213: When the economy is at full employment,
A)100
Q224: Potential GDP is reached when
A)unemployment is zero.
B)there
Q225: The natural unemployment rate is
A)another name for
Q226: At the peak of a business cycle,the
A)cyclical
Q231: When cyclical unemployment is zero,
A)frictional unemployment is
Q234: Potential GDP is the level of output
Q237: If the unemployment rate is less than
Q253: When the unemployment rate is greater than
Q262: Natural unemployment equals the sum of
A) cyclical
Q267: The natural unemployment rate is
A) equal to
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