1. Full employment includes:

A) structural unemployment only.
B) frictional unemployment only.
C) cyclical unemployment only.
D) structural and cyclical unemployment.
E) frictional and structural unemployment.

2. Full employment indicates an unemployment rate

A) that falls between 4% and 6% unemployment.
B) that falls between 5% and 6% unemployment.
C) that falls between 5% and 5.2% unemployment.
D) that is 5% unemployment.
E) All of the above are correct depending on the year or on which source you choose to use.

3. If the current unemployment rate goes from 5% to 8%, then the economy goes from:

A) full employment to below full employment.
B) full employment to beyond full employment.
C) below full employment to full employment.
D) beyond full employment to full employment.
E) beyond full employment to below full employment.