Some economists say that full employment exists in an economy ...

[ETearle]

Some economists say that full employment exists in an economy when:
 a. cyclical unemployment is 2 percent.
  b. cyclical unemployment is 4 to 6 percent.
  c. frictional unemployment is zero.
  d. the unemployment rate is 4 to 7 percent.
  e. the natural unemployment rate is zero.

Question 2

Economists believe that only a small part of human behavior can be explained and predicted by assuming that most people act as if they are motivated by their own self-interest in an effort to increase their expected personal satisfaction.
 a. True
  b. False
  Indicate whether the statement is true or false

[raenoj]

Answer to Question 1

d

Answer to Question 2

False

[ETearle]

Thank you

[raenoj]

Happy to help you