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Author Question: Some economists say that full employment exists in an economy when: a. cyclical unemployment is 2 ... (Read 141 times)

ETearle

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on: Jun 30, 2018
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


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raenoj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


ETearle

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Reply #2 on: Jun 30, 2018
Thank you :)


raenoj

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Reply #3 on: Jun 30, 2018
Happy to help you


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