Which of the following types of unemployment can exist in an economy that is at its potential output level?
a. cyclical unemployment only
b. structural unemployment only
c. frictional, cyclical, and seasonal unemployment only
d. frictional, seasonal, and structural unemployment only
e. there will be no unemployment in an economy that is at the potential output level
D
Economics
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At the equilibrium level of income it must be true that total
a. income equals total spending. b. product equals total output. c. output equals total inventory. d. income equals total saving.
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The marginal tax rate serves as a measure of the extent to which the tax system discourages people from working
a. True b. False Indicate whether the statement is true or false
Economics