The Full-Employment Deficit Is

question 40

Multiple Choice

The full-employment deficit is

• A)the number of jobs needed to restore full employment.
• B)what the government budget deficit would be if the economy were at full employment.
• C)the increase in government spending that would be needed to return the economy to full employment.
• D)the extra amount paid to government workers in a recession.

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Definitions:

Union General

A high-ranking officer in the Union army during the American Civil War.

Clear Defeat

A term used to describe a situation in which one party in a conflict is overwhelmingly beaten by the other, leaving no ambiguity about the outcome.

Confederacy

During the American Civil War, it refers to the southern states that seceded from the United States to form their own government in opposition to the Union.

Secession

The formal action of leaving a federation or organization, particularly a sovereign state, by relinquishing membership.