Full employment refers to the level of employment when there is no _____ unemployment.
A) structural
B) cyclical
C) seasonal
D) frictional

Question

Quizplus · Accepted Answer

Full employment refers to the situation where all available labor resources are being used in the most economically efficient way. At this level, the only types of unemployment that exist are frictional, structural, and seasonal. Cyclical unemployment, which is caused by economic downturns, is absent at full employment.

Full Employment Refers to the Level of Employment When There