Question

Level of employment reached when there is no cyclical unemployment.

a. seasonal employment
c. frictional employment
b. full employment
d. structural employment

Answer 1

The answer is "b. full employment".

Full employment alludes to a circumstance in which each physically fit individual who will work at the common rate of wages is, in fact, utilized. Then again, it is a circumstance when there is no involuntary unemployment.

That is the reason full employment is likewise characterized as a circumstance where there is no involuntary unemployment.

Answer 2

Option b. full employment

Full employment as an employment rate that includes no cyclical (also known as deficient demand or Keynesian) unemployment in other words, when there is enough overall demand in the economy for everyone who wants a job to have one.