Full employment occurs when
A) the sum of frictional and structural unemployment is zero.
B) the cyclical unemployment rate is zero.
C) the structural unemployment rate is zero.
D) the unemployment rate is zero.
E) the frictional unemployment rate is zero.
B
Economics
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What is the relationship between a firm's value of marginal product curve for labor and its demand for labor curve? Explain why this relationship exists
What will be an ideal response?
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During a recession, which of the following will be true?
a. The actual rate of unemployment will be lower than the natural rate. b. Actual GDP will be lower than potential GDP. c. The employment/population ratio will increase substantially. d. Actual inflation will be higher than was anticipated.
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