Full employment means that
A) everyone who wants a job has a job, although it may not be the job they really want.
B) everyone who wants a job has a job, and they have the job they most prefer.
C) taking seasonal fluctuations into account, only frictional and structural unemployment exist.
D) the sum of structural and cyclical unemployment is greater than frictional unemployment.
C
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Since the 1970s, the most common causes of recessions have been
A. problems in financial markets and negative demand shifts. B. negative supply shifts and inflation fighting. C. problems in financial markets and inflation fighting. D. negative supply shifts and negative demand shifts.
Describe the structure of the Fed's Open Market Committee (FOMC). What is this committee's primary responsibility?
What will be an ideal response?
All else equal, in an economy with an upward-sloping production function, as an economy accumulates more capital goods,
A) the labor supply must increase. B) real GDP increases. C) the labor supply must decrease. D) the marginal product of capital will increase.
Historically, the high level of taxation on dividends relative to capital gains or interest led to _____
a. lower levels of corporate dividends b. higher levels of corporate dividends c. no changes in corporation behavior d. fewer incorporations