Author Question: When the U.S. economy is at its full-employment level, the unemployment rate is not equal to zero ... (Read 89 times)

Alygatorr01285 · **on:** Jun 30, 2018

When the U.S. economy is at its full-employment level, the unemployment rate is not equal to zero because:
a. cyclical unemployment is always present in a modern economy.
b. of the statistical discrepancy.
c. voluntary unemployment is always positive.
d. frictional and structural unemployment are always present in a modern economy.
e. there are always people who are too lazy to work.

Question 2

Microeconomics explores the allocation of scarce resources from the perspective of small economic units such as consumers and firms.
a. True
b. False
Indicate whether the statement is true or false