Full employment means that
A) no one is unemployed.
B) there is no cyclical unemployment.
C) there is no cyclical or frictional unemployment.
D) there is no structural or frictional unemployment.

Question

Quizplus · Accepted Answer

Full employment does not mean that no one is unemployed. Instead, it refers to the absence of cyclical unemployment, which is the type of unemployment that occurs during downturns in the business cycle. Frictional and structural unemployment can still exist at full employment.

Full Employment Means That