Full Employment: Zero

Full Employment

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Question

Full employment means that which of the following is zero?

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Explanations

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A. B. C. D. E.

Explanation

Full employment is the level of employment that results from the efficient use of the labor force after allowance is made for the normal rate of unemployment due to information cost, dynamic changes and the structural conditions of the economy. Cyclical unemployment is short run and therefore must be zero in order to attain full employment.