Full employment is not considered to be zero unemployment, because there are not enough jobs for everyone who wants one. some cyclical unemployment always exists. some frictional unemployment always exists. some people do not want a job.
Full employment is not considered to be zero unemployment, because there are not enough jobs for everyone who wants one. some cyclical unemployment always exists. some frictional unemployment always exists. some people do not want a job.
Chapter14: Aggregate Demand And Supply
Section14.A: The Self Correcting Aggregate Demand And Supply Model
Problem 2SQ
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Full employment is not considered to be zero unemployment , because
there are not enough jobs for everyone who wants one.
some cyclical unemployment always exists.
some frictional unemployment always exists.
some people do not want a job.
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