The full employment, or natural, level of output is best described as: A. the maximum level obtainable
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The full employment, or natural, level of output is best described as:
A. the maximum level obtainable with existing resources.
B. the level at which all available workers have jobs consistent with their skills.
C. a level with a modest, stable pool of unemployed workers transitioning to new jobs.
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Related Book For
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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