Multiple Choice
Economists expect some unemployment to exist even at times of "full employment" for,among others,the following reasons:
1) actual GDP is rarely equal to potential GDP;
2) as the economy changes,the structure of the existing labour force is not the same as the structure of labour demand;
3) people entering the labour force typically take some time to find a job.
A) 1 only
B) 2 only
C) 3 only
D) 2 and 3
E) 1 and 2
Correct Answer:

Verified
Correct Answer:
Verified
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