Full employment occurs when
a. everyone has a job
b. everyone who wants a job has one
c. there is no frictional unemployment
d. there is no cyclical unemployment
e. there is no structural, frictional, and seasonal unemployment
D
You might also like to view...
As the interest rate __________, the quantity supplied of money __________ and the quantity demanded of money __________
A) falls; rises; falls B) rises; remains unchanged; falls C) falls; remains unchanged; falls D) rises; rises; rises E) none of the above
The short-run industry supply curve is found by
A) taking the inverse of the industry demand curve. B) horizontally summing the average total cost curve of all firms in the industry. C) adding up the quantities supplied at each price by each firm in the industry. D) adding up the quantities supplied at each price by each of the firms in the industry that are making a profit.