Economists consider an economy to be at "full employment" when:
A. the unemployment rate equals the natural rate of unemployment.
B. there is only a small amount of cyclical unemployment.
C. there is no frictional unemployment.
D. there is no structural unemployment.
Answer: A
You might also like to view...
In the figure above, a factor that could cause the supply of bonds to increase (shift to the right) is
A) a decrease in government budget deficits. B) a decrease in expected inflation. C) expectations of more profitable investment opportunities. D) a business cycle recession.
In the U.S. economy, housing accounts for over half of all consumer expenditures.
Answer the following statement true (T) or false (F)
Refer to the figure below. At P = 4, how does the price elasticity of demand for D1 compare to that for D2? 
A. The price elasticity of demand for both D1 and D2 will be greater than one. B. It will be equal for D1 and D2. C. It will be greater for D1 than for D2. D. It will be lower for D1 than D2.
Credit cards are i. a generally accepted form of payment and therefore part of M1. ii. included in M1 because you write a check to pay your monthly bill. iii. a means of borrowing money
A) i only B) ii only C) iii only D) i and ii E) i and iii