Author Question: Economists consider an economy to be at full employment when A) the unemployment rate equals the ... (Read 114 times)

JGIBBSON · **on:** Jun 30, 2018

Economists consider an economy to be at full employment when

A) the unemployment rate equals the natural rate of unemployment.
B) there is no structural unemployment.
C) there is no frictional unemployment.
D) there is only a small amount of cyclical unemployment.

Question 2

A normal good is defined as a good

A) for which demand increases when income increases.
B) with a downward sloping demand curve.
C) for which demand increases when the number of demanders increases.
D) for which demand increases when the price of a substitute rises.
E) for which demand increases when the price of a complement falls.