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

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

Quizplus · Accepted Answer

Full employment implies that cyclical unemployment is reduced to zero, as it represents the unemployment caused by economic downturns. Frictional and structural unemployment can still exist even at full employment.

Full Employment Implies Which of the Following Is Reduced to Zero