When the economy is at full employment the
A) natural unemployment rate is equal to 0 percent.
B) natural unemployment rate equals the unemployment rate.
C) natural unemployment rate is equal to 10 percent.
D) unemployment rate is equal to 0 percent.
Question 2
The table above gives the demand schedule for snow peas. The price elasticity of demand between 6.00 and 7.00 per bushel is
A) 1.0.
B) 2.0.
C) 2.6.
D) 5.0.