Full employment exists when, on average, nearly two out of three adults in the labor force are employed. | exists when everyone has a job. | exists when the unemployment rate is zero. | exists when half of the labor force has a job. | will always include some unemployment.

Full employment exists when, on average, nearly two out of three adults in the labor force are employed. | exists when everyone has a job. | exists when the unemployment rate is zero. | exists when half of the labor force has a job. | will always include some unemployment.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 8SQ

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Question

Full employment
exists when, on average, nearly two out of three adults in the labor force are employed.
exists when everyone has a job.
exists when the unemployment rate is zero.
exists when half of the labor force has a job.
will always include some unemployment.

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