The economy is considered to be at full employment when a. the actual rate of unemployment is less than the natural rate. b. the leading economic indicators are unchanged for two consecutive quarters. c. structural unemployment is zero. d. frictional plus structural unemployment is less than the natural rate. e. the rate of cyclical unemployment is zero.
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Step 1: Fully employment is achieved when the sum of frictional and structural unemployment rates is equal to the natural rate of unemployment. Show more…
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