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Choose the correct statement: Group of answer choices BLS defines full employment as an economy in which no cyclical unemployment exists, GDP is at its
Choose the correct statement: Group of answer choices BLS defines full employment as an economy in which no cyclical unemployment exists, GDP is at its potential, and the unemployment rate equals the nonaccelerating inflation rate of unemployment (NAIRU). The concept of potential GDP is closely related to the theoretical state of full employment. Some unemployment is expected, even desired, in a healthy economy as workers transition to new jobs better matching their skill sets or as they acquire and develop additional skills needed by an employer. All of the above
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