Full employment means which of the following is zero?

What will be an ideal response?


cyclical unemployment

Economics

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The business cycle component of the log of real per-capita GNP is equal to

A) log of actual real GNP - log of trend GNP. B) log of trend GNP ÷ log of actual real GNP. C) log of trend GNP - log of actual real GNP. D) log of actual real GNP ÷ log of trend GNP.

Economics

The WTO replaced the GATT in

A) 1900. B) 1945. C) 1960. D) 1995.

Economics

The U.S. market for interbank borrowing and lending is called the:

a. Money market. b. Eurodollar market. c. Federal funds markets. d. Real Goods Market. e. Primary market.

Economics

If most bankers could do what they wanted, they would probably hold reserves of about

A. 0%. B. 2%. C. 7-8%. D. 10-12%. E. 22-25%.

Economics