Full Employment Is Defined by Most Economists as the Minimization

question 187

Multiple Choice

Full employment is defined by most economists as the minimization of

• A)cyclical unemployment.
• B)frictional unemployment.
• C)seasonal unemployment.
• D)structural unemployment.

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Definitions:

Bearer Instrument

An instrument payable to cash or to whoever is in possession of the instrument.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.

Delivery

The process of transporting goods from one place to another or the act of transferring the possession of something.

Checking Account

A bank account that allows easy access to funds, typically through checks or electronic transactions, and is used for day-to-day expenses.