Full employment exists when
A) there is only frictional and structural unemployment.
B) the economy is at the natural unemployment rate.
C) there is no cyclical unemployment.
D) All of the above answers are correct.
D
You might also like to view...
Suppose interest of 5% for two years can be earned on $1,000 saved today with no risk. What is the least amount a person would need to have a 50% chance of winning to be willing to face a 50% chance of losing $1,000 today and be considered risk averse?
a. $907.03 to be paid in two years b. $1,000.01 to be paid in two years c. $1,100.01 to be paid in two years d. $1,102.51 to be paid in two years
An investment will pay $2,000 half of the time and $1,400 half of the time. The standard deviation for this investment is:
A. $300. B. $90,000. C. $1,700. D. $30.
The model predicts a permanent decrease in government purchases causes:
a. an increase consumption. b. an increases real GDP. c. an increases the real interest rate. d. all of the above.
Excise taxes on products like gasoline and tobacco are regressive.
Answer the following statement true (T) or false (F)