The full employment, or natural, level of output is best described as: A. the maximum level obtainable with existing resources. B. the level at which all available workers have jobs consistent with...

The full employment, or natural, level of output is best described as:

A. the maximum level obtainable with existing resources.

B. the level at which all available workers have jobs consistent with their skills.

C. a level with a modest, stable pool of unemployed workers transitioning to new jobs.