Full employment implies which of the following is reduced to zero?
A)Cyclical unemployment only
B)Frictional unemployment only
C)Frictional and structural unemployment only
D)Frictional, structural, and cyclical unemployment

Question

Quizplus · Accepted Answer

Full employment implies that cyclical unemployment (which is due to economic downturns) is reduced to zero, but it does not imply the elimination of frictional or structural unemployment, which are considered normal in a healthy economy.

Full Employment Implies Which of the Following Is Reduced to Zero