When the economy is at full employment,the
A) natural unemployment rate is equal to 0 percent.
B) natural unemployment rate equals the unemployment rate.
C) natural unemployment rate is equal to 10 percent.
D) unemployment rate is equal to 0 percent.
E) frictional unemployment rate is equal to 0 percent.
Correct Answer:
Verified
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
Q227: Full employment means that
A)100 percent of the
Q228: The natural unemployment rate
A)includes only frictional and
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
Q233: The natural unemployment rate is
A)equal to the
Q234: Potential GDP is the level of output
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