According to the text,economists consider full employment to occur when
A)everyone who wants a job has a job.
B)frictional unemployment equals zero.
C)the sum of frictional unemployment and structural unemployment equals zero.
D)the unemployment rate consists of only frictional and structural unemployment.

Question

Quizplus · Accepted Answer

Economists consider full employment to occur when the unemployment rate consists of only frictional and structural unemployment, excluding cyclical unemployment. This reflects a situation where all unemployment is due to the normal turnover in the labor market (frictional) or due to mismatches between workers' skills and job requirements (structural), rather than economic downturns.

According to the Text,economists Consider Full Employment to Occur When