The United States' economy is considered to be at full employment when:
A. about 4-5 percent of the total population is unemployed.
B. 90 percent of the labor force is employed.
C. about 4-5 percent of the labor force is unemployed.
D. 100 percent of the labor force is employed.
C. about 4-5 percent of the labor force is unemployed.
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One difficulty with the idea of comparable worth is that
a. it does not address the idea of compensating wage differentials b. it would reduce the federal budget deficit c. it would cause aggregate wages to fall d. a government agency cannot accurately evaluate the many different characteristics of jobs e. it would not take into account differences in the supply of labor among firms
Which of the following would both make a country's real exchange rate rise?
a. its budget deficit increases and bonds issued in the country become riskier b. bonds issued in that country become riskier and it imposes an import quota c. it imposes an import quota and the budget deficit increases d. None of the above are correct.