Question

Which statement describes full employment?

There is no cyclical unemployment.

There is no structural unemployment.

There is no unemployment at all.

Everybody who wants a job has a job.

Answer 1

The correct answer is: "Everybody who wants a job has a job"

Full employment is a wished feature in every economy. This expression describes an equilibrium scenario in the labor market, where the desires of labor suppliers and demandants perfectly match, and everybody who offers his/her labor skills in exchange for a certain wage level, is able to find an employer who offers that, and works for him/her.

Therefore, full employment ocurrs when everybody finds a job in the desired conditions.

Answer 2

The appropriate response is the first. The Cyclical unemployment is a variable of general unemployment that identifies with the recurrent patterns in development and creation that happen inside the business cycle. At the point when business cycles are at their pinnacle, patterned unemployment will be low in light of the fact that the aggregate monetary yield is being boosted.