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Macroeconomics

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Moderate

Voluntary and Involuntary Unemployment

MACRO-PQVOBG

Which of the following statements about voluntary and involuntary unemployment is true?

A

At full employment there will only by involuntary or cyclical unemployment in the economy.

B

Cyclical unemployment is considered an involuntary unemployment, while frictional unemployment is a voluntary unemployment.

C

Frictional unemployment is an involuntary unemployment, as the individual will likely have no job offers.

D

When the economy is operating below full employment, the is no frictional unemployment.