Full Employment Occurs When

question 113

Multiple Choice

Full employment occurs when

• A)there is zero frictional unemployment.
• B)all unemployment is frictional and discouraged.
• C)there is zero unemployment.
• D)there is zero cyclical unemployment.
• E)all unemployment is cyclical and structural.

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Definitions:

Interest Rate

The Interest Rate is the percentage at which interest is paid by borrowers for the use of money they borrow from a lender, commonly expressed as an annual percentage.

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An ancient Greek philosopher and polymath who made significant contributions to numerous fields of study, including metaphysics, ethics, politics, and natural science.

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Charging an excessively high or illegal rate of interest on borrowed money.

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An economist and political scientist known for his theories on economic innovation and the concept of "creative destruction" in capitalism.