Which of the following are equivalent terms?
A) The absence of structural unemployment and the absence of cyclical unemployment
B) Normal employment and the absence of structural unemployment
C) Full employment and the absence of cyclical unemployment
D) Normal employment and the absence of frictional unemployment
E) Null employment and the absence of frictional unemployment.

Question

Quizplus · Accepted Answer

Full employment and the absence of cyclical unemployment are equivalent terms as full employment means that all individuals who are willing and able to work are employed, which includes the absence of cyclical unemployment. The other choices either include additional terms (such as "normal employment") or use incorrect terminology (such as "null employment").

Which of the Following Are Equivalent Terms