The amount of unemployment that policymakers should not worry about because it constitutes no social problem is
A) 2 percent of the labor force.
B) 4 percent of the labor force.
C) not any single amount that can be clearly measured.
D) the amount that can exist without causing a recession.
E) the amount that is due to people's choices among available alternatives.
C
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Tracy quits her job, which pays $25,000 a year, to finish her college degree. Her annual college expenses are $12,000 for tuition and fees and $1,000 for books. What is her opportunity cost of attending college for the year?
Which of the following is true?
A. Frictional unemployment implies a lack of available jobs. B. During a recession, cyclical unemployment will be low. C. When an economy is at full employment, actual unemployment will be less than the natural rate of unemployment. D. When actual GDP equals potential GDP, the actual unemployment rate will equal the economy's natural rate of unemployment.