When the economy of a country is operating close to its full capacity:
A. the unemployment rate is greater than the natural rate of unemployment.
B. cyclical unemployment is close to zero.
C. unemployment is close to zero.
D. the unemployment rate is less than the natural rate of unemployment.
Answer:B
When the economy of a country is operating close to its full capacity:
A. the unemployment rate is greater than the natural rate of unemployment. B. cyclical unemployment is close to zero. C. unemployment is close to zero. D. the unemployment rate is less than the natural rate of unemployment.
Explanation: Type: Multiple Choice