The United States' economy is considered to be at full employment when

Question

Quizplus · Accepted Answer

The natural rate of unemployment, which includes frictional and structural unemployment, is typically estimated to be around 4 to 5 percent. Therefore, when the actual rate of unemployment is in that range, the economy is considered to be at full employment. However, it is important to note that there will always be some level of unemployment due to factors such as job turnover and people transitioning between jobs.

The United States' Economy Is Considered to Be at Full