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.

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Definitions:

Voice

In labor relations, the ability of employees to express opinions and grievances and to have a say in the decision-making process within their workplace.

Civic Activities

Involvement in actions that aim to improve communities, engage with political processes, or participate in public life, often outside of one's professional duties.

Political Activities

Actions or undertakings aimed at influencing governmental policy or elections.

Given Industry

A specific sector of the economy, often defined by the type of activity it engages in.