Economists Expect Some Unemployment to Exist Even at Times of "Full

question 72

Multiple Choice

Economists expect some unemployment to exist even at times of "full employment" for,among others,the following reasons:
1) actual GDP is rarely equal to potential GDP;
2) as the economy changes,the structure of the existing labour force is not the same as the structure of labour demand;
3) people entering the labour force typically take some time to find a job.

• A)1 only
• B)2 only
• C)3 only
• D)2 and 3
• E)1 and 2

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Definitions:

Simple Effect

The effect of one factor at a specific level of another factor in a factorial design experiment.

Factorial Research

A methodological approach in experiments where researchers study the effects of two or more independent variables across multiple levels.

Independent Variables

Variables in research that are controlled or changed to test their effects on dependent variables.

Combinations

The selection of items from a larger set where the order of selection does not matter.