Question

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.

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Homework Answers

Answer #1

D. There is no cyclical unemployment in the economy

full employment does not mean 0% unemployment , it means cyclical unemployement in the economy is 0%

Full employment means highest amount of skilled and unskilled labor that can be employed within an economy.

Full employment is when all available labor resources are used in the most efficient way.

The causes of Structural unemployement are shift in the economy, improvements in technology and so on.

Please do like ?if you have any doubt please ask.

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