Full Employment in the U.S.economy Means That

question 8

Multiple Choice

Full employment in the U.S.economy means that

• A)Frictional unemployment has been reduced to zero.
• B)The total unemployment rate has been reduced to zero.
• C)The economy has reached the lowest level of unemployment compatible with price stability.
• D)Structural unemployment has reached its minimum as a result of increased spending,and the economy is moving toward the peak of the business cycle.