When Macroeconomists Refers to "Full Employment," What Do They Mean

question 27

Multiple Choice

When macroeconomists refers to "full employment," what do they mean?

• A) Full employment occurs when the unemployment rate equals zero.
• B) Full employment occurs when there is only cyclical unemployment, and all other types of unemployment have been eliminated.
• C) Full employment occurs when there is only structural unemployment, and all other types of unemployment have been eliminated.
• D) Full employment occurs when there is only frictional unemployment; structural and cyclical unemployment has been eliminated.

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Definitions:

Marketplace

A physical or virtual venue where goods, services, or information are exchanged, ranging from local farmers markets to online platforms.

Physical Size

The dimensions, volume, or extent of an object or person's body, often measured in terms of height, weight, or area.

In-Store Sampling

Offering free samples of products to customers within a retail environment to encourage trial and purchase.

National Advertising

Advertising designed to reach all users of the product, whether customers or industrial buyers.