Economists believe the "full employment" level of unemployment is

(a) 0 percent
(b) 2 percent
(c) 5 percent
(d) 10 percent

(c)

Economics

You might also like to view...

Which of the following is a correct conclusion regarding the successful implementation of fiscal policy?

a. Successful fiscal policy would be easy to achieve if Congress would stay out of the economy and permit natural market forces to restore full-employment equilibrium. b. Successful fiscal policy is difficult to achieve because in the real world the investment, net exports, and consumption schedules are constantly shifting. c. Successful fiscal policy is much easier to achieve today because econometric models make economic forecasting much easier. d. As the income-expenditure model suggests, fiscal policy planners can move GDP to any level they please by changing tax and spending levels.

Economics

A proponent of supply-side economics would advocate

a. increasing income taxes on saving. b. reducing corporate income tax. c. increasing capital gains tax. d. increasing personal income tax.

Economics