Which of the Following Is True

question 52

Multiple Choice

Which of the following is true?

• A)​At the natural rate of unemployment, the economy is considered to be at full employment.
• B)​At full employment, the economy is producing at its potential output.
• C)​If unemployment is greater than its natural rate, the economy is producing at less than its potential output.
• D)​All of the above are true.

---

Definitions:

TQM

Total Quality Management (TQM) is a management approach centered on continuous improvement, employee involvement, and customer satisfaction.

Continuous Improvement

An ongoing effort to improve products, services, or processes through incremental and innovative changes.

Survey Feedback

A method of gathering data from respondents about their perceptions, opinions, or behaviors and then providing them with collective results for insights or action planning.

Critical Decisions

Important choices that have significant effects on the outcome of various situations or problems.