Full Employment Implies Which of the Following Is Reduced to Zero

question 139

Multiple Choice

Full employment implies which of the following is reduced to zero?

• A)cyclical unemployment only 
• B)frictional unemployment only 
• C)frictional and structural unemployment only 
• D)frictional, structural, and cyclical unemployment

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Definitions:

Expenditures

Expenditures refer to the act of spending money or incurring expenses, particularly by governments, businesses, or individuals.

Automatic Stabilizers

Strategies and initiatives aimed at stabilizing a country's economic fluctuations without further action from the government.

Economic Conditions

The state of an economy at a given time, including factors like inflation, unemployment, and GDP growth.

Federal Budget

The government budget for a fiscal year that outlines the projected spending and revenue of the federal government.