Which of the Following Is True

question 127

Multiple Choice

Which of the following is true?

• A)Frictional unemployment implies a lack of available jobs.
• B)During a recession,cyclical unemployment will be low.
• C)When an economy is at full employment,cyclical unemployment will be absent.
• D)When an economy is at full employment,actual unemployment will be below the natural rate.

---

Definitions:

Total Utility

The total satisfaction or benefit obtained from consuming a given quantity of goods or services.

Marginal Utility

The added satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.

Total Utility

This term refers to the total satisfaction received by consuming a certain amount of goods or services.

Milk Shakes

Although commonly a beverage, if not directly relevant to economics or provided as a specific economic term, the answer is NO.