Full employment:
A)exists when,on average,nearly two out of three adults in the labor force are employed.
B)exists when everyone who wants a job has one.
C)exists when the unemployment rate is zero.
D)exists when everyone in the labor force has a job.
E)will always include some unemployment.

Question

Quizplus · Accepted Answer

Full employment does not mean zero unemployment; it acknowledges the presence of frictional and structural unemployment, indicating that even in a healthy economy, there will always be some level of unemployment as people transition between jobs or face mismatches in skills and job requirements.

Full Employment