State whether the following are true or false and explain why. i. Frictional and structural unemployment are two words for the same thing. ii. If an economy is at full employment, the unemployment rate is zero.
State whether the following are true or false and explain why. i. Frictional and structural unemployment are two words for the same thing. ii. If an economy is at full employment, the unemployment rate is zero.
Chapter9: Classical Macro Economics And The Self Regulating Economy
Section: Chapter Questions
Problem 2WNG
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a) State whether the following are true or false and explain why.
i. Frictional and structural
ii. If an economy is at full employment, the unemployment rate is zero.
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