Full employment is defined by most economists as the minimization of
a. cyclical unemployment.
b. frictional unemployment.
c. seasonal unemployment.
d. structural unemployment.
a
You might also like to view...
The following table reports transactions that occurred in Whoville. Nominal GDP in Whoville is ________
Item Price per Unit Quantity Bottles of French Wine $20 10 Boxes of Cereal $4 20 Used Tires $15 5 Shares of Twitter Stock $10 15 Hours of Swimming Lessons $5 8 A) $320 B) $545 C) $120 D) $395 E) $195
Which of the following transfer payments is included in GDP?
A) Social Security payments B) welfare payments C) veteran's benefits D) none of the above
Forward and spot exchange rates
A) are necessarily equal. B) do not move closely together. C) are always such that the forward exchange rate is higher. D) move closely together and are equal on the value date. E) are unrelated to the value date.
If the quantity of money demanded exceeds the quantity of money supplied, then
A) the quantity of nonmonetary assets demanded exceeds the quantity supplied. B) the quantity of nonmonetary assets supplied exceeds the quantity demanded. C) the quantity of nonmonetary assets demanded will still equal the quantity supplied, all else being equal. D) you can make no conclusions about the relative supply and demand of nonmonetary assets.