The economy is considered to be at full employment when
a. the actual rate of unemployment is less than the natural rate.
b. the leading economic indicators are unchanged for two consecutive quarters.
c. structural unemployment is zero.
d. frictional plus structural unemployment is less than the natural rate.
e. the rate of cyclical unemployment is zero.
E
Economics
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The different points on a cost curve represent alternative production possibilities in the same time period
a. True b. False Indicate whether the statement is true or false
Economics
Suppose you are given the following demand data for a product.PriceQuantity Demanded$1030940850760670Using the regular percentage change formula, what is the price elasticity of demand when price decreases from $9 to $7?
A. -1.5 B. -1 C. -1.75 D. -2.25
Economics