Full employment is NOT zero unemployment because
A) there are statistical errors when determining the unemployment rate that cannot be overcome.
B) there is "normal" friction in the economy made up of those workers who are between jobs and those new entrants to the labor force.
C) there are undocumented workers in the economy who are not counted by the Bureau of Labor Statistics.
D) government workers are not counted in the labor force.
Correct Answer:
Verified
Q191: Full employment is
A) zero unemployment.
B) when the
Q192: The natural rate of unemployment when seasonally
Q193: Which of the following statements about full
Q194: Fred recently lost his job as a
Q195: A person who is unemployed because of
Q197: The natural rate of unemployment does NOT
Q198: Which of the following best describes an
Q199: Full employment does NOT necessarily mean that
Q200: Currently, economists estimate that the natural rate
Q201: The statistical measure of a weighted average
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents