If the Economy Is at Full Employment

question 50

Multiple Choice

If the economy is at full employment,

• A) the only unemployment is frictional unemployment plus discouraged workers.
• B) the entire population is employed.
• C) the entire labor force is employed.
• D) real GDP equals potential GDP.

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Definitions:

Histology

The examination of tissues at the microscopic level to understand their structure.

Cytology

Study of anatomy, physiology, pathology, and chemistry of the cell.

Molecular Biology

The branch of biology that deals with the structure and function of the macromolecules (e.g., proteins and nucleic acids) essential to life.

Microbiology

The study of microscopic organisms, including viruses, bacteria, archaea, fungi, and protozoa.