Full employment is not considered to be zero unemployment, because
A)some cyclical unemployment always exists.
B)some people do not want a job.
C)there are not enough jobs for everyone who wants one.
D)people do not find jobs instantaneously.
E)not everyone is entitled to work in Canada.

Question

Quizplus · Accepted Answer

Full employment does not imply zero unemployment because there is always some level of frictional unemployment, which occurs when people are in the process of moving from one job to another. This means that even in a healthy economy, there will be people who are temporarily unemployed as they search for new positions that better match their skills or preferences.

Full Employment Is Not Considered to Be Zero Unemployment, Because