Which of the following statements about full employment is true?
A)Liberal economists insist that an unemployment rate of 4 percent constitutes full employment.
B)Conservative economists feel that an unemployment rate of 6 percent is a realistic portrayal of full employment.
C)Economists cannot agree on what constitutes full employment,thus 5% represents a reasonable compromise.
D)All of these choices are true.

Question

Quizplus · Accepted Answer

Different economists have different views on what constitutes full employment, and there is no consensus on a specific percentage. Some liberal economists argue that 4 percent represents full employment, while some conservative economists believe that 6 percent is more accurate. Therefore, 5 percent is often considered a reasonable compromise.

Which of the Following Statements About Full Employment Is True