Full employment is the situation in which the economy operates at an unemployment rate equal to the sum of:
A. structural and frictional unemployment.
B. cyclical and frictional unemployment.
C. structural and cyclical unemployment.
D. structural, frictional, and cyclical unemployment.
Answer: A
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A budget deficit
a. changes the supply of loanable funds. b. changes the demand for loanable funds. c. changes both the supply of and demand for loanable funds. d. does not influence the supply of or the demand for loanable funds.
When the supply curve shifts to the left and there is no change in demand:
A. the equilibrium price will rise. B. the market cannot reestablish an equilibrium. C. the equilibrium price will fall. D. the equilibrium quantity will rise.
Refer to the above diagram. If the production possibilities curve of an economy shifts from AB to CD, it is most likely the result of what factor affecting economic growth?
A. A supply factor
B. A demand factor
C. An efficiency factor
D. An allocation factor
The interest rate on Treasury Inflation Indexed Securities can be roughly interpreted as
A) the real interest rate. B) the nominal interest rate. C) the rate of inflation. D) the rate of deflation.