Full employment in the U.S. economy means that
A. The economy has reached the lowest level of unemployment compatible with price stability.
B. Frictional unemployment has been reduced to zero.
C. The total unemployment rate has been reduced to zero.
D. Structural unemployment has reached its minimum as a result of increased spending, and the economy is moving toward the peak of the business cycle.
Answer: A
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A) 0.3% B) 1.1% C) 2.7% D) 3.7%
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