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
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
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 8SQP
Related questions
Question
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
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