Full Employment Does Not Mean That There Is Zero Unemployment

question 15

Multiple Choice

Full employment does not mean that there is zero unemployment because

• A)business fluctuations are inevitable.
• B)of the existence of discouraged searchers.
• C)some cyclical unemployment is always present.
• D)of unrealistic wage expectations.
• E)some frictional and structural unemployment is always present.

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Definitions:

Socialization

How children learn to become mature members of society; also known as acculturation.

Generations Defined

A categorization of people into cohorts based on their age group and shared cultural, social, or economic experiences.

Demographic Changes

Refers to shifts in the statistical characteristics of populations over time, including factors like age, race, gender, and income levels.

Historical Events

Significant occurrences or moments in history that have helped shape human society and the world.