Full employment means that
A) everyone who wants a job has a job, although it may not be the job they really want.
B) everyone who wants a job has a job, and they have the job they most prefer.
C) taking seasonal fluctuations into account, only frictional and structural unemployment exist.
D) the sum of structural and cyclical unemployment is greater than frictional unemployment.
C
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Which of the following statements is true with regard to the Fed's response to the economic crisis of 2008?
a. Although the Fed lowered its interest rates to nearly zero, there are other actions it can take to improve the economy. b. Because the Fed lowered its interest rates to nearly zero, there are no other actions it can take to improve the economy. c. Since the Fed did not lower its interest rates to near zero, there are still other actions it can take to improve the economy. d. none of the above
What is “crowding-in” effect? Explain the factors which determine the strength of the crowding in effect.
What will be an ideal response?