Author Question: When the economy is operating at full employment, the natural unemployment rate consists of only ... (Read 185 times)

sammy · **on:** Jun 29, 2018

When the economy is operating at full employment, the natural unemployment rate consists of only

A) cyclical unemployment.
B) frictional and structural unemployment.
C) frictional and cyclical unemployment.
D) structural and cyclical unemployment.

Question 2

By common definition, a recession occurs when

A) the international deficit worsens for at least two successive quarters.
B) the government budget deficit exceeds the national debt.
C) the inflation rate exceeds 3.5 percent.
D) real GDP decreases for at least two successive quarters.