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.


a

Economics

You might also like to view...

In this situation, the monopoly's profits are:

a. 0.40. b. 0.16. c. 0.12. d. 0.08.

Economics

One of the defining characteristics of an oligopoly is that:

A. the strategic interactions between a firm and its rivals have a major impact on its profits. B. no single firm has an impact on the market as a whole. C. there are only a few buyers in the market. D. there are no barriers to entry to the market.

Economics

Which of the following explains why big business typically spends more on rent-seeking activities than consumers?

A. Lobbying is a public good to consumers. B. Lobbying is a public good to businesses and labor unions in the involved firms. C. Labor unions in the involved firms. D. Lobbying is a public good to businesses.

Economics

Explain the relationship between interest rates and (1) investments in housing, and (2) business investments.

What will be an ideal response?

Economics