Multiple Choice
Full employment is the rate of employment that results when
A) all labor resources of an economy are employed.
B) there is efficient use of the labor force, with allowance made for normal unemployment due to dynamic changes and the structural conditions of the economy.
C) cyclical unemployment is between 4 and 5 percent of the labor force.
D) everybody who wants a job can find one.
Correct Answer:
Verified
Correct Answer:
Verified
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