Full employment is the level of unemployment that occurs
A) when everyone looking for a job has a job.
B) when cyclical unemployment is zero.
C) when frictional and structural unemployment are zero.
D) when frictional,structural,and cyclical unemployment are zero.
E) None of the above answers is correct.
Correct Answer:
Verified
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
Q229: When the economy is at full employment,the
A)natural
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
Q235: Potential GDP is
A)the value of the maximum
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