At full employment there is no
A) unemployment.
B) cyclical unemployment.
C) avoidable unemployment.
D) frictional unemployment.
E) structural unemployment.
B
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A macroeconomist would study
A) the price changes at K-Mart. B) the cost problems at several airlines. C) the economy's unemployment level. D) none of the above.
If demand is elastic, an increase in price will increase total revenue
a. True b. False Indicate whether the statement is true or false
A ceiling on interest rates is likely to lead to
a. an increase in lending activity. b. more rapid capital formation by business. c. increases in hiring of labor. d. a shortage of loanable funds.
One of the major drawbacks of crowding out is that it: a. decreases the rates of interest in the economy
b. increases the rates of interest in the economy. c. decreases the short-run growth rate of the economy. d. prohibits foreign investments in an economy.