"Turnover" unemployment is another name for ________ unemployment

In the above figure, point B represents

A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) a decrease in aggregate demand.

A hypothesis is: a. a normative economic statement

b. a testable proposition. c. a statement that cannot be evaluated using real-world data. d. a model with no connection to the real world.