The equilibrium level of employment,achieved after the complete adjustment of wages and prices,is known as the
A)zero-unemployment level of employment.
B)natural state.
C)invisible handshake.
D)full-employment level of employment.

Question

Quizplus · Accepted Answer

The equilibrium level of employment achieved after the complete adjustment of wages and prices is known as the full-employment level of employment. This is the level of employment where the economy is operating at its potential output with no cyclical unemployment.

The Equilibrium Level of Employment,achieved After the Complete Adjustment of Wages