Which of the Following Statements About Full Employment Is True

question 109

Multiple Choice

Which of the following statements about full employment is true?

• A)Liberal economists insist that an unemployment rate of 4 percent constitutes full employment.
• B)Conservative economists feel that an unemployment rate of 6 percent is a realistic portrayal of full employment.
• C)Economists cannot agree on what constitutes full employment,thus 5% represents a reasonable compromise.
• D)All of these choices are true.

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Definitions:

Transform Faults

Boundaries between tectonic plates where the motion is predominantly horizontal, leading to earthquakes but not creating volcanoes.

Gulf of Mexico

A large ocean basin near the southeastern coast of North America, bounded by the United States, Mexico, and Cuba, known for its rich biodiversity and significant oil reserves.

Narrow Ocean

A relatively thin and elongated body of oceanic water situated between more substantial land masses.

Narrow Ocean

Refers specifically to the relatively thinner and smaller expanses of ocean, often found between landmasses.