The Current Thinking of Economists Is That the Full-Employment Rate

question 19

Multiple Choice

The current thinking of economists is that the full-employment rate of unemployment in the United States occurs when about

• A) 100 percent of the labor force is employed.
• B) 5 percent of the labor force is unemployed.
• C) 90 percent of the total population is employed.
• D) 7.5 percent of the labor force is unemployed.
• E) 67 percent of production costs are the result of employed labor.

Understand the concept and application of the simple exponential smoothing model in forecasting.

Comprehend the components and interpretation of the double forecasting model.

Grasp the principles and use of the seasonal additive model in forecasting.

Understand the Delphi method's process and its application in forecasting.

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Definitions:

Carol Gilligan

An American feminist, ethicist, and psychologist best known for her work on ethical community and ethical relationships, and certain subject-object problems in ethics.

Moral Development

The process through which individuals develop proper attitudes and behaviors towards other people in society, based on social and cultural norms, rules, and laws.

Conscience

A gut feeling or internal speech perceived as directing someone towards what is morally correct or incorrect in their conduct.

Postconventional Morality

A stage in moral development characterized by an understanding that laws and rules are relative and moral reasoning is based on abstract principles and the welfare of others.