Why is the unemployment rate never zero, even at full employment? The unemployment rate is never zero, even at full employment, because _______. A.there are always new workers entering the labor market to search for work, workers leaving one job to search for another job, and workers who have been laid off and are searching for another job B.there are always people without jobs because of family responsibilities such as caring for children or elderly parents C.people make lifestyle choices such as early retirement, gap years, and movements from high-stress to low-stress jobs D.cyclical unemployment is always present in the economy

The unemployment rate refers to the percentage of the working-age population that is part of the…

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Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 6PA

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Why is the unemployment rate never zero, even at full employment?

The unemployment rate is never zero, even at full employment, because _______.

there are always new workers entering the labor market to search for work, workers leaving one job to search for another job, and workers who have been laid off and are searching for another job

there are always people without jobs because of family responsibilities such as caring for children or elderly parents

people make lifestyle choices such as early retirement, gap years, and movements from high-stress to low-stress jobs

cyclical unemployment is always present in the economy

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