When dynamic labor market is operating efficiently

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Reference no: EM131099880

Which of the following is true?

a. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present.

b. Some unemployment will be present even when a dynamic labor market is operating efficiently.

c. When full employment is present, the rate of unemployment will be zero.

d. When full employment is present, there will not be any frictional unemployment.

Reference no: EM131099880

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