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Economists Expect Some Unemployment to Exist Even at Times of "Full

Question 72

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

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