Explain what economists mean by full employment and why this rate of unemployment is not zero

What will be an ideal response?

Full employment occurs in the macro economy when cyclical unemployment is zero. The full-employment rate of unemployment is then made up of the frictional rate of unemployment and the structural rate of unemployment. Because it will always take time to find a job, frictional unemployment will never be zero. Also because demand and technology are constantly changing in an economy, structural unemployment will never be zero. That is, some workers will always lose their jobs as the demands for the products they make fall or disappear entirely.

Economics

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The column ‘Close' in the mutual fund table indicates the lowest asset value at which the fund was sold at the end of the last week

a. True b. False Indicate whether the statement is true or false

Economics

Refer to the graph shown. The profit-maximizing monopolist would sell its output at price:

A. P1. B. P2. C. P3. D. P4.

Economics