Which of the following about unemployment is true?
Frictional unemployment implies a lack of available jobs.
During a recession, cyclical unemployment will be low.
When an economy is at full employment, actual unemployment will be less than the natural rate of unemployment.
When an economy is at full employment, the actual unemployment rate will equal the economy's natural rate of unemployment.
Which of the following about unemployment is true?
O Frictional unemployment implies a lack of available jobs.
O During a recession, cyclical unemployment will be low
When an economy is at full employment, actual unemployment will be less than the natural rate of unemployment.
When an economy is at full employment,the actual unemployment rate will equal the economy's natural rate of unemployment