Economists consider full employment as being a situation where: everyone who wants a job has a job. frictional unemployment equals 0% the sum of frictional unemployment and structural unemployment equals zero. At full employment there is still movement between jobs and technological change that causes a mismatch between skills workers have and skills firms need.

Exploring Economics
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Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
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Question 8
Economists consider full employment as being a situation where:
everyone who wants a job has a job.
frictional unemployment equals 0%
the sum of frictional unemployment and structural unemployment equals zero.
At full employment there is still movement between jobs and technological change that causes a mismatch between skills workers have
and skills firms need.
the unemployment rate consists of only frictional and structural unemployment.
Transcribed Image Text:Incorrect Question 8 Economists consider full employment as being a situation where: everyone who wants a job has a job. frictional unemployment equals 0% the sum of frictional unemployment and structural unemployment equals zero. At full employment there is still movement between jobs and technological change that causes a mismatch between skills workers have and skills firms need. the unemployment rate consists of only frictional and structural unemployment.
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