[Answer] Suppose there is no unemployment in the economy and society decides that it wants more of one good. Which of the following statements is true?

Answer: It can increase output without giving up another good.
Suppose there is no unemployment in the economy and society decides that it wants more of one good. Which of the following statements is true?

Full employment is a situation in which there is no cyclical or deficient-demand unemployment . Full employment does not entail the disappearance of all unemployment as other kinds of unemployment namely structural and frictional may remain.For instance workers who are “between jobs” for short periods of time as they search for better employment are not counted against full employment as …

Full employment – Wikipedia

Full employment – Wikipedia

Unemployment – Wikipedia

Full employment – Wikipedia

One of the curves is the private cost that consumers pay as individuals for additional quantities of the good which in competitive markets is the marginal private cost. The other curve is the true cost that society as a whole pays for production and consumption of increased production the good or the marginal social cost. Similarly there …

Unemployment according to the OECD (Organisation for Economic Co-operation and Development) is persons above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate which is the number of people who are unemployed as a percentage of the …

More recently it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020. Unemployment tends to rise during recessions and fall during expansions. From 1948 to 2015 unemployment averaged about 5.8%. There is always some unemployment with persons changing jobs and new entrants to the labor force searching for jobs.

Nullification in United States constitutional history is a legal theory…

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