Answer to Question #81492 in Macroeconomics for Inna

Question

Full employment is the situation when:which of the choices below is the right answer?
a.inflation rate is 20%
b.the curve of the aggregate demand has a positive slope
c.real GDP match with potential GDP
d.all of them
e.none of them

Answer 1

e.none of them - The correct alternative

Full employment (from the point of view of macroeconomics) is a situation in which the full utilization of all economic resources of the country, and first of all of the labor force, takes place.