Zero Unemployment Is

question 40

Multiple Choice

Zero unemployment is

• A) only possible in recessions.
• B) not possible.
• C) only possible in expansions.
• D) the goal of macroeconomic policymakers.
• E) ideal for economic growth.

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Definitions:

Standard Oil Trust

An American oil-producing, transporting, refining, and marketing company established by John D. Rockefeller and partners in the late 19th century, noted for its historical monopoly and eventual breakup.

Supreme Court

The highest judicial court in a country or state, which typically has the ultimate authority over all other courts.

Multinational Corporation

A corporation doing business in more than one country; often it owns production facilities in at least one country and sells in many countries.

Standard Oil Trust

A conglomerate of interconnected oil companies controlled by John D. Rockefeller in the late 19th and early 20th centuries, known for its monopolistic practices.