Statement I: When everyone who is ready,willing,and able to work has a job,we are at full employment.
Statement II: Frictional unemployment can result when new labor force entrants cannot find immediate positions.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
Verified
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