Question

Is there any unemployment when an economy has “full employment”? If so, what types?

Is there any unemployment when an economy has “full employment”? If so, what types?

Homework Answers

Answer #1

Answer ) frictional and structural are two types of unemployment exist even in time of full employment.

Full employment is a situation where all who are willing to work are getting work at existing minimum wage and in this situation frictional and structural unemployment exists. The reason is that they are temporary

Frictional unemployment is not a direct result of economic factors and occurs when workers search for jobs.

structural unemployment is caused by shifts in the economy that make it difficult for workers to find employment

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
When the labor market is at full employment A.there is only cyclical unemployment in the economy....
When the labor market is at full employment A.there is only cyclical unemployment in the economy. B.there is only structural unemployment in the economy. C.the unemployment rate is 0%. D.there is no cyclical unemployment in the economy.
When the economy is at its full employment level, is the unemployment rate zero? Justify your...
When the economy is at its full employment level, is the unemployment rate zero? Justify your answer
When the economy is at its full employment level, is the unemployment rate zero? Justify your...
When the economy is at its full employment level, is the unemployment rate zero? Justify your answer.
The economy is at full employment when ​(check all that ​apply)​: A.all workers are​ employed, otherwise...
The economy is at full employment when ​(check all that ​apply)​: A.all workers are​ employed, otherwise we​ wouldn't say​ "full employment." B.there is no cyclical unemployment. C.everybody who wants a job has one. D.those out of work are experiencing either frictional or structural unemployment only. E.the economy is at its natural rate of unemployment.
The full employment means that        everyone has a job.         the unemployment rate...
The full employment means that        everyone has a job.         the unemployment rate is zero.         the unemployment rate is equal to the natural unemployment rate.         the economy performs outside its production possibilities frontier (PPF)
When we say an economy is at full employment, it doesn’t mean that there is zero...
When we say an economy is at full employment, it doesn’t mean that there is zero unemployment. Explain why this statement is true.
assume that the united states economy is operating below full employment a) define full employment -...
assume that the united states economy is operating below full employment a) define full employment - hint this is what economist call the natural rate of unemployment
Full employment is the rate of employment that results when a) all labor resources of an...
Full employment is the rate of employment that results when a) all labor resources of an economy are employed. b) there is efficient use of the labor force, with allowance made for normal unemployment due to dynamic changes and the structural conditions of the economy. c) cyclical unemployment is between 4 and 5 percent of the labor force. d) everybody who wants a job can find one.
What is the relationship between natural rate of unemployment and full employment?
What is the relationship between natural rate of unemployment and full employment?
The full-employment unemployment rate for the United States economy is now generally considered to be: A....
The full-employment unemployment rate for the United States economy is now generally considered to be: A. 2 percent of the labor force B. 3 percent of the labor force C. 4 to 5 percent of the labor force D. 6 to 7 percent of the labor force The economy's GDP gap is negative when actual GDP is greater than potential GDP. A. true B. false The level of total spending is the immediate determinant of the: A. Ratio of private...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT