Full employment means that
A) 100 percent of the labor force have jobs.
B) only those who are willing,able and looking for work are unemployed.
C) the cyclical unemployment rate is zero.
D) the natural unemployment rate is zero.
E) the frictional unemployment rate is zero.
Correct Answer:
Verified
Q222: At full employment there still exists some
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
Q228: The natural unemployment rate
A)includes only frictional and
Q229: When the economy is at full employment,the
A)natural
Q230: Full employment is the level of unemployment
Q231: When cyclical unemployment is zero,
A)frictional unemployment is
Q232: In 2012,real GDP in the United States
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