Statement I: When There Is Full Employment,there Is No Frictional

question 222

Multiple Choice

Statement I: When there is full employment,there is no frictional unemployment.
Statement II: When there is full employment,there are no "discouraged" workers.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Simultaneously

Simultaneously means occurring, operating, or done at the same time.

Inverse Relationship

A relationship between two variables in which an increase in the value of one variable leads to a decrease in the value of the other variable, and vice versa.

Type I Error

The mistaken dismissal of a correct null hypothesis, referred to as a "false positive."

Type II Error

A statistical mistake made by failing to reject a false null hypothesis, also known as a false negative.