When full employment is present in the United States:
A. the rate of unemployment will fall to zero.
B. the actual rate of unemployment will be less than the natural rate of unemployment.
C. approximately 95 percent of the adult population will be employed.
D. approximately 95 percent of the labor force will be employed.
Answer: D
You might also like to view...
The kinked demand curve is based on the idea that
A) you will follow my price increase but not my price cut. B) you will follow my price cut but not my price increase. C) you will follow all price changes I might initiate. D) you will not follow my behavior at all.
Which of the following statements is true?
A) The lower the price of a bond, relative to its face value, the lower the interest rate. B) The lower the price of a bond, relative to its maturity, the lower the interest rate. C) The higher the price of a bond, relative to its face value, the higher the interest rate. D) The lower the price of a bond, relative to its face value, the higher the interest rate.
To maintain a monopoly, a firm must have
A) a perfectly inelastic demand. B) an insurmountable barrier to entry. C) marginal revenue equal to demand. D) few competitors.
Refer to the information provided in Figure 27.1 below to answer the question(s) that follow.
Figure 27.1Refer to Figure 27.1. Suppose the economy is at Point A, a decrease in taxes can cause a movement to Point
A. E. B. B. C. C. D. D.