Full employment is not considered to be zero unemployment because
A) some people do not want a job.
B) there are not enough jobs for everyone who wants one.
C) some cyclical unemployment always exists.
D) people do not find jobs instantaneously.
D
You might also like to view...
If Project A has a cost of $2 and provides a benefit of $3, and Project B has a cost of $ 5 and provides a benefit of $8, which of the following statements is true?
A) A shift from Project A to Project B increases the net benefit by $1. B) The net benefit of Project A is $5. C) An individual can optimize by choosing Project B. D) Project A has a higher net benefit than Project B.
The equity argument for government financing of education _____
a. is dependent upon the socialization argument b. does not imply government financing c. does not imply government production d. is dependent upon externalities being inframarginal
Lisa consumes only pizzas (P) and burritos (B). Her utility function is U = P0.5 B0.5. The price of per pizza is $10 and the price per burrito is $5. In equilibrium, Lisa consumes 4 pizzas
Using Lisa's utility function, calculate how many burritos she consumes.
Higher prices lead to higher levels of real wealth.
Answer the following statement true (T) or false (F)