Multiple Choice
Which of the following about unemployment is true?
A) Frictional unemployment implies a lack of available jobs.
B) During a recession, cyclical unemployment will be low.
C) When an economy is at full employment, actual unemployment will be less than the natural rate of unemployment.
D) When actual GDP equals potential GDP, the actual unemployment rate will equal the economy's natural rate of unemployment.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Actual GDP will be below potential GDP<br>A)
Q13: The period of growth in real GDP
Q14: If the consumer price index (CPI) was
Q15: Virtually all economists and policy makers agree
Q16: Suppose the labor-force participation rate of men
Q18: The period of declining growth in real
Q19: High and variable rates of inflation will<br>A)
Q20: When information about potential jobs is costly
Q21: A person who argues that inflation "robs
Q22: Which of the following about unemployment is