The unemployment rate that many economists believe represents full employment is

a. 0 percent.
b. 0-4 percent.
c. 4-6 percent.
d. 6-8 percent.
e. 8-10 percent

c

Economics

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Which of the following is included in the government expenditure component of the expenditure approach to GDP?

A) state government expenditure on local schools B) transfer payments C) changes in inventories D) taxes

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Indifference curves that are thick violate

A) the assumption of transitivity. B) the assumption that more is better. C) the assumption of completeness. D) none of the assumptions.

Economics