In general terms, full employment means that:

Name: In general terms, full employment means that:
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Full employment does not mean zero unemployment; rather, it means that the only remaining unemployment is frictional, which is the time period individuals spend searching for a job or transitioning from one job to another. Cyclical unemployment (related to economic downturns) and structural unemployment (when workers' skills do not match job openings) are minimized or eliminated at full employment.

In General Terms, Full Employment Means That