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Which term is used to describe a situation where most people who are looking for work are able to find a job?

A) full employment
B) seasonal employment
C) frictional unemployment
D) structural unemployment

2 Answers

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The answer is a full employment
User Edis
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Answer: A: full employment

Full employment is used to describe a situation where most people who are looking for work are able to find a job.

Explanation:

Full employment refers to a situation in which individuals that are willing to work are employed at the existing wages. It also means that all the labor resources available are used in the production process or in efficient way. Full employment exists or occurs when there is no involuntary unemployment.

User Alex Turpin
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