Australia has aimed to achieve full employment by implementing various employment and labor market programs”. Achieving full employment would indicate that: Everyone in the Australian economy has a job. There is no unemployment in the economy. Australia has reached the level of employment where all workers are fully utilized, and there is no cyclical unemployment. Only a small percentage of the Australian workforce is unemployed

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 8SQP
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Australia has aimed to achieve full employment by implementing various employment and labor market programs”. Achieving full employment would indicate that:

  1. Everyone in the Australian economy has a job.
  2. There is no unemployment in the economy.
  3. Australia has reached the level of employment where all workers are fully utilized, and there is no cyclical unemployment.
  4. Only a small percentage of the Australian workforce is unemployed
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