Which of the following statements about full employment is true?

A) Liberal economists insist that an unemployment rate of 4 percent constitutes full employment.
B) Conservative economists feel that an unemployment rate of 6 percent is a realistic portrayal of full employment.
C) Economists cannot agree on what constitutes full employment,thus 5% represents a reasonable compromise.
D) All of these choices are true.

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Sophia Bakker · Accepted Answer

Final Answer : D, Explanation :  Different economists have different views on what constitutes full employment, and there is no consensus on a specific percentage. Some liberal economists argue that 4 percent represents full employment, while some conservative economists believe that 6 percent is more accurate. Therefore, 5 percent is often considered a reasonable compromise.

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