Full Employment Is the Level of Unemployment That Occurs

question 195

Multiple Choice

Full employment is the level of unemployment that occurs

• A)when everyone looking for a job has a job.
• B)when cyclical unemployment is zero.
• C)when frictional and structural unemployment are zero.
• D)when frictional,structural,and cyclical unemployment are zero.
• E)None of the above answers is correct.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good suppliers are willing to sell.

Mass Transit

Public transportation systems that move large numbers of people within urban and suburban areas.

Price of Gasoline

The cost per unit volume of gasoline, typically measured in dollars per gallon or liters.

Equilibrium Price

The price at which the quantity of a product demanded by consumers and the quantity supplied by producers are equal.