When the economy is at its potential output:
A. there is no structural unemployment.
B. there is no unemployment.
C. there is no frictional unemployment.
D. the labor force is fully employed.
Answer: D
Economics
You might also like to view...
The tasks performed by the chef at your favorite restaurant could be categorized as
A) a good. B) an economic good. C) a service or intangible good. D) All of the above are correct.
Economics
A market structure wherein one firm among several is dominant is referred to as
a. unbalanced oligopoly b. monopolistic competition c. perfect competition d. balanced oligopoly e. monopoly
Economics