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Statement I: When the Unemployment Rate Is Five Percent,we Are

Question 4

Multiple Choice

Statement I: When the unemployment rate is five percent,we are inside our production possibilities frontier.
Statement II: Full production means that the nation's resources are being allocated in the most efficient manner possible.


A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

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