Full employment is not considered to be zero unemployment, because Select one: a. some frictional unemployment...
Full employment is not considered to be zero unemployment, because
Select one:
a. some frictional unemployment always exists.
b. some cyclical unemployment always exists.
c. there are not enough jobs for everyone who wants one.
d. some people do not want a job.
Homework Answers
Answer
Option a
a. some frictional unemployment always exists
Any time in an economy there is some frictional and some structural unemployment because of job search and skill changes respectively which is called the natural rate of unemployment which is exits in an economy at any time.
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