Which of the Following Is True of an Economy at Full

question 14

Multiple Choice

Which of the following is true of an economy at full employment?

• A)There is no job turnover in the economy.
• B)The unemployment rate in the economy is equal to the natural rate of unemployment.
• C)The economy's labor and capital are not fully utilized.
• D)An increase in price level increases the full-employment level of output.

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