Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q65: Which of the following best explains why
Q66: The labor force participation rate is defined
Q67: Suppose an economy is operating at its
Q68: The natural rate of unemployment occurs if
Q69: Terrell, an auto repair mechanic who remains
Q71: Suppose the population (age 16 and over)
Q72: Which of the following will most likely
Q73: The unemployment rate will increase whenever there
Q74: Suppose there are 25,000 employed and 5,000
Q75: Suppose the population (age 16 and over)