The economy is at full employment when
A. there are no unemployed workers.
B. all unemployment is frictional or structural.
C. there are fewer unemployed workers than available jobs.
D. all unemployment is cyclical.
Answer:B
The economy is at full employment when
A. there are no unemployed workers. B. all unemployment is frictional or structural. C. there are fewer unemployed workers than available jobs. D. all unemployment is cyclical.