Multiple Choice
Which of the following statements is (are) true? I. If cyclical unemployment is 0%, then the unemployment rate equals the natural rate of unemployment.
II) The unemployment rate consists of only frictional or structural unemployment.
III) An unemployment rate of zero percent is generally considered the equivalent of full employment.
A) I only
B) II only
C) II and III only
D) I, II, and III
Correct Answer:
Verified
Correct Answer:
Verified
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