West Hardy
12/08/2023 · Middle School
When macroeconomists refer to "full employment," what do they mean? Full employment occurs when there is only cyclical unemployment, and all other types of unemployment have been eliminated. Full employment occurs when the unemployment rate equals zero. Full employment occurs when there is only frictional unemployment, and all other types of unemployment have been eliminated. Full employment occurs when there is only frictional and structural unemployment; cyclical unemployment has been eliminated.
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Full employment means there is only cyclical unemployment, and other types of unemployment have been eliminated.
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