If the economy is at full employment
A) the entire population is employed.
B) the entire labor force is employed.
C) the only unemployment is frictional unemployment plus discouraged workers.
D) real GDP equals potential GDP.
Correct Answer:
Verified
Q230: Suppose that the unemployment rate equals 4.5
Q231: Suppose the economy is experiencing frictional unemployment
Q232: The natural unemployment rate
A) estimated to be
Q233: If unemployment equals the natural unemployment rate,
Q234: Cyclical unemployment exists when
A) frictional and structural
Q236: When the economy moves into and out
Q237: Suppose that the natural unemployment rate is
Q238: Full employment exists when
A) there is only
Q239: An increase in the price level is
Q240: In September 2012 the U.S. unemployment rate
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