At full employment there still exists some unemployment because
A) some portion of our population will always be too lazy to work.
B) there are always people too old or young to be in the labor force.
C) the U.S.economy is constantly creating and destroying jobs.
D) it is unnatural to have all people work 40 hours per week.
E) real GDP can never exceed potential GDP.
Correct Answer:
Verified
Q217: Cyclical unemployment is
A)the total of structural and
Q218: During a recession,the average duration of unemployment
Q219: An economic recession produces
A)an increase in cyclical
Q220: Full employment occurs when
A)the unemployment rate is
Q221: Which of the following is true?
A)Real GDP
Q223: Full employment occurs when the
A)unemployment rate equals
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
Q227: Full employment means that
A)100 percent of the
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