Full employment is the rate of employment that results when
A)all the labor resources of the economy are employed full time.
B)cyclical unemployment has reached its maximum.
C)everybody who wants a job can find one.
D)only frictional and structural unemployment are present.

Question

Quizplus · Accepted Answer

Full employment occurs when there is no cyclical unemployment, meaning the economy is operating at its natural rate of unemployment, which includes only frictional and structural unemployment.

Full Employment Is the Rate of Employment That Results When