Economists consider an economy to be at "full employment" when

A) the unemployment rate equals the natural rate of unemployment.
B) there is no structural unemployment.
C) there is no frictional unemployment.
D) there is only a small amount of cyclical unemployment.

A

Economics

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According to the theory of rational expectations, a fully anticipated expansionary monetary policy will

(a) increase potential output (b) increase unemployment (c) have no impact on real output (d) promote the production of consumer goods over capital goods (e) result in deflation

Economics

The fact that many inputs are fixed in the short run but variable in the long run has little impact on the firm's cost curves

a. True b. False Indicate whether the statement is true or false

Economics