Although economists disagree as to the level of the natural unemployment rate,most agree that full employment means an unemployment rate of about:
A)12 percent to 15 percent
B)10 percent
C)8 percent to 9 percent
D)2 percent to 3 percent
E)6 percent to 7 percent

Question

Quizplus · Accepted Answer

Most economists agree that full employment is achieved when the unemployment rate is around 6 percent to 7 percent. This range is considered to reflect the natural rate of unemployment, accounting for frictional and structural unemployment but not cyclical unemployment.

Although Economists Disagree as to the Level of the Natural