Title: QUIZ: Full Employment -- Jargon Alert
Course: Andria Testing FRE2 > Section: Full Employment -- Jargon Alert

Q: According to the article, what is the definition of full employment?
- When the unemployment rate is 0%
- When anyone who wants to work can find a job at the prevailing wage
- When the economy is operating at its efficient capacity
- When frictional and structural unemployment are at their natural levels
A: When anyone who wants to work can find a job at the prevailing wage

Q: Why does the article state that full employment is not the same as zero unemployment?
- Because there will always be some frictional and structural unemployment
- Because the natural rate of unemployment can change over time
- Because the unemployment rate has never been 0% in the last half century
- Because there will always be some level of cyclical unemployment
A: Because there will always be some frictional and structural unemployment

Q: What is the key difference between frictional and structural unemployment?
- Frictional unemployment is caused by shocks to the economy while structural unemployment is caused by wages.
- Frictional unemployment is caused by wages while structural unemployment is caused by shocks to the economy.
- Frictional unemployment results from workers transitioning between jobs while structural unemployment results from the mismatch between labor supply and demand.
- Frictional unemployment results from the mismatch between labor supply and demand while structural unemployment results from workers transitioning between jobs.
A: Frictional unemployment results from workers transitioning between jobs while structural unemployment results from the mismatch between labor supply and demand.

Q: According to the article, what potential factor may have increased the natural rate of unemployment since the Great Recession?
- Structural changes in the composition of the labor market
- Frictional unemployment caused by the housing market collapse
- Policies aimed at reducing the impact of structural unemployment
- The Fed's decision to target inflation rather than a specific unemployment rate
A: Structural changes in the composition of the labor market

Q: Which of the following best summarizes the article's main point about full employment?
- Full employment can only be achieved by targeting a specific unemployment rate.
- Full employment is defined as zero unemployment in the labor market.
- Full employment is not the same as zero unemployment due to unavoidable types of unemployment.
- Policymakers can permanently reduce unemployment through expansionary policies.
A: Full employment is not the same as zero unemployment due to unavoidable types of unemployment.