Full employment means which of the following is zero?
A) structural unemployment
B) cyclical unemployment
C) frictional unemployment
D) aggregate unemployment

Question

Quizplus · Accepted Answer

Full employment means that the economy is operating at its potential output and all available labor resources are being utilized. Cyclical unemployment is the only type of unemployment that is directly related to the state of the economy and would be zero in a situation of full employment. Structural unemployment, frictional unemployment, and aggregate unemployment can still exist even in a state of full employment.

Full Employment Means Which of the Following Is Zero