Author Question: According to the text, economists consider full employment to occur when A) the sum of frictional ... (Read 94 times)

Alainaaa8 · **on:** Jun 29, 2018

According to the text, economists consider full employment to occur when

A) the sum of frictional unemployment and structural unemployment equals zero.
B) the unemployment rate consists of only frictional and structural unemployment.
C) frictional unemployment equals zero.
D) everyone who wants a job has a job.

Question 2

Refer to Figure 13-1. Ceteris paribus, an increase in the growth rate of domestic GDP relative to the growth rate of foreign GDP would be represented by a movement from

A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.