Full employment
A)occurs when all unemployment is cyclical and structural.
B)occurs when all unemployment is frictional and discouraged.
C)occurs when there is zero unemployment.
D)occurs when there is zero frictional unemployment.
E)occurs when there is zero cyclical unemployment.

Question

Quizplus · Accepted Answer

Full employment is defined as the level of employment where there is no cyclical unemployment. This means that while there may still be some frictional and structural unemployment due to people transitioning between jobs or changes in the economy, there is no involuntary unemployment caused by a lack of demand for labor. It is important to note that achieving zero unemployment is not necessarily the goal of full employment.

Full Employment