why does full employment imply an unemployment rate greater than zero? discuss your answer in the...

why does full employment imply an unemployment rate greater than zero? discuss your answer in the teems of the types of unemployment

Expert Solution

Full employment is a situation where those whho are willing and able to get work at existing wage rate are called full employment . Even in every economy at full employment , voluntary unemployment ( structure and frictional.umployment ) exists. As these frictional and structuralunemployment is temporary

Rahul Sunny answered 2 years ago

Explain what economists mean by full employment and why this rate of unemployment is not zero....

Explain what economists mean by full employment and why this rate of unemployment is not zero. 50 words minimum

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.

Define: Full employment Frictional employment Structural employment 1. Why are frictional unemployment and structural unemployment consistent...

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What is the difference between cyclical unemployment, full employment, and the natural rate of unemployment?

Is the definition of full employment the optimal natural rate of unemployment (3%) or is it...

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4. Why is it so difficult to define full employment? What unemployment rate should the government...

4. Why is it so difficult to define full employment? What unemployment rate should the government be shooting for today? During the pandemic.

When the zero curve is upward-sloping, the zero rate for a particular maturity is greater than...

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T or F 31. FULL EMPLOYMENT = ZERO UNEMPLOYMENT. 32. OPEN SYSTEM, GLOBALIZATION, AND INTERNATIONAL MARKETING...

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2. As long as the interest rate is greater than zero, the present value of a...

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Is it possible for total employment and the unemployment rate to rise simultaneously? Why or why...

Is it possible for total employment and the unemployment rate to rise simultaneously? Why or why not. (Note: you might find it useful to demonstrate this with a numerical example.)

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