An economy is said to achieve “full employment” when: a. The unemployment rate is equal to zero. b. The unemployment is equal to the cyclical plus frictional unemployment. c. The unemployment is equal to the frictional plus structural unemployment. d. The unemployment is equal to the cyclical plus structural unemployment.
An economy is said to achieve “full employment” when: a. The unemployment rate is equal to zero. b. The unemployment is equal to the cyclical plus frictional unemployment. c. The unemployment is equal to the frictional plus structural unemployment. d. The unemployment is equal to the cyclical plus structural unemployment.
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 11SQ
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An economy is said to achieve “full employment” when:
a. The unemployment rate is equal to zero.
b. The unemployment is equal to the cyclical plus frictional unemployment.
c. The unemployment is equal to the frictional plus structural unemployment.
d. The unemployment is equal to the cyclical plus structural unemployment.
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