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Author Question: An economy is at full employment when ________. A) the unemployment rate is zero B) there is no ... (Read 152 times)

biggirl4568

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on: Jun 29, 2018
An economy is at full employment when ________.
 
  A) the unemployment rate is zero
  B) there is no frictional unemployment
  C) the unemployment rate equals the natural unemployment rate
  D) there is no structural unemployment

Question 2

Which of the following is TRUE regarding business cycles?
 
  I. Cycles are predictable.
  II. In each cycle, a peak follows an expansion.
  III. Potential GDP fluctuates around real GDP.
  A) I and II
  B) I and III
  C) II and III
  D) II only


peilian

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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