What is full employment? Full employment is defined as a situation in which O A. the unemployment rate equals the natural unemployment rate O B. real GDP is greater than potential GDP OC. all unemployment is cyclical D. the unemployment rate is greater than the natural unemployment rate What event would increase the unemployment rate at full employment? O A. Cyclical unemployment decreases O B. The economy enters a recession O C. The government makes unemployment benefits more generous O D. The number of seniors in the population increases and the number of job-seeking college graduates decreases
What is full employment? Full employment is defined as a situation in which O A. the unemployment rate equals the natural unemployment rate O B. real GDP is greater than potential GDP OC. all unemployment is cyclical D. the unemployment rate is greater than the natural unemployment rate What event would increase the unemployment rate at full employment? O A. Cyclical unemployment decreases O B. The economy enters a recession O C. The government makes unemployment benefits more generous O D. The number of seniors in the population increases and the number of job-seeking college graduates decreases
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 7P
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