Full employment means
A) zero unemployment.
B) only cyclical unemployment exists.
C) only frictional and structural unemployment exists.
D) None of the above answers are correct.

Question

Quizplus · Accepted Answer

Full employment does not mean zero unemployment; rather, it refers to the situation where the only types of unemployment present are frictional and structural, indicating a healthy economy where everyone who wants a job can find one, considering the natural turnover of the labor market and the mismatch between skills and job requirements.

Full Employment Means