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Question
Which of the following best describes an economy with full employment?
A) ʺEveryone who is looking for a job will have one.ʺ
B) ʺNo person is unemployed for whatever reason.ʺ
C) ʺFull employment occurs only when the economy has a zero percent unemployment rate.ʺ
D) ʺThe level of unemployment that corresponds to the normal friction in the labor market.ʺ
Answer
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