Full employment is the rate of employment that results when
a. all labor resources of an economy are employed.
b. there is efficient use of the labor force, with allowance made for normal unemployment due to dynamic changes and the structural conditions of the economy.
c. cyclical unemployment is between 4 and 5 percent of the labor force.
d. everybody who wants a job can find one.
B
Economics
You might also like to view...
Free trade is beneficial because it:
A) reduces competition. B) leads to less use of the world's resources. C) results in a wider array of consumer products. D) leads to the production of free goods.
Economics
Explain why selling output at a price below that at which marginal revenue equals marginal cost (MR = MC) might serve to deter entry of a potential competitor
What will be an ideal response?
Economics