Full employment: O a. will always include some unemployment. O b. exists when everyone in the labor force has a job. O c.exists when, on average, nearly two out of three adults in the labor force are employed. d. exists when everyone who wants a job has one. e. exists when the unemployment rate is zero.
Full employment: O a. will always include some unemployment. O b. exists when everyone in the labor force has a job. O c.exists when, on average, nearly two out of three adults in the labor force are employed. d. exists when everyone who wants a job has one. e. exists when the unemployment rate is zero.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Full employment:
a. will always include some unemployment.
b. exists when everyone in the labor force has a job.
c. exists when, on average, nearly two out of three adults in the labor force are employed.
d. exists when everyone who wants a job has one.
e. exists when the unemployment rate is zero.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb83ccd3a-d161-43e6-8f96-e32e0a75e38e%2F25621635-594f-42ba-822a-64d0638cafe5%2F1v5qdrq_processed.png&w=3840&q=75)
Transcribed Image Text:Full employment:
a. will always include some unemployment.
b. exists when everyone in the labor force has a job.
c. exists when, on average, nearly two out of three adults in the labor force are employed.
d. exists when everyone who wants a job has one.
e. exists when the unemployment rate is zero.
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