Author Question: Full employment means A) zero unemployment. B) only cyclical unemployment exists. C) only ... (Read 82 times)

jessicacav · **on:** Jun 29, 2018

Full employment means

A) zero unemployment.
B) only cyclical unemployment exists.
C) only frictional and structural unemployment exists.
D) None of the above answers are correct.

Question 2

A recession is commonly defined as a period with

A) negative growth rate in real GDP that lasts at least one quarter.
B) positive growth rate in real GDP that lasts at least one quarter.
C) positive growth rate in real GDP that lasts at least two quarters.
D) negative growth rate in real GDP that lasts at least two quarters.