Which One of the Following Statements Is NOT Correct

question 106

Multiple Choice

Which one of the following statements is NOT correct?

• A) The natural rate of unemployment is estimated to be between 5 percent and 6.5 percent in the U.S.
• B) The term "full employment" means that 100 percent of the labor force is employed.
• C) The line between frictional and structural unemployment is sometimes hard to draw.
• D) Unemployment can occur even when an economy is growing.

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Definitions:

Breakdown

A detailed analysis or classification of something into its constituent parts.

Long-Lived Assets

Assets with a useful life longer than one year, such as buildings, machinery, and equipment, used in the operation of a business.

Held for Sale

Assets or business segments classified as being available for immediate sale and expected to be sold within one year.

Normal Balance

The typical or expected balance of an account in double-entry bookkeeping, which is either debit for assets and expenses or credit for liabilities, equity, and revenue.