‘Full employment’ refers to a situation in which

Question

BlackTom AI · Accepted Answer

Full employment means there is no involuntary (demand-deficiency) unemployment, so workers who are willing and able to work can obtain jobs at prevailing wages.

1) Relevant knowledge points and concepts
- Types of unemployment: cyclical (due to downturns in aggregate demand), frictional (short-term job search and matching), structural (mismatch of skills/locations), and seasonal.  
- “Natural rate” or “full employment” commonly refers to an economy where cyclical unemployment is zero and only frictional/structural (and seasonal) unemployment remain.  
- “Willing and able to work” denotes people who want employment and are able to work at going wages (not those voluntarily not seeking work).

2) Step‑by‑step reasoning
- If cyclical unemployment = 0, shortages of aggregate demand do not prevent people who want jobs from getting one.  
- Remaining unemployment is due to job search or mismatch; these are temporary or voluntary in the sense they are not caused by weak demand.  
- Therefore at full employment the economy provides jobs for those who are willing and able to work — they can find employment given existing demand and wage conditions.

3) Calculations
- No numerical calculation is required; the argument is conceptual: full employment implies cyclical unemployment = 0, leaving only natural unemployment components.

4) Why the correct answer is correct
- Option c directly captures the practical meaning: when the labor market is at full employment, people who want and can work are able to secure jobs because the barrier of insufficient aggregate demand (cyclical unemployment) is absent.

5) Why the other options are incorrect
- a (unemployment rate = 0%): incorrect because even at full employment there is natural unemployment (frictional/structural), so 0% unemployment is unrealistic and not required.  
- b (cyclical unemployment is 5%): incorrect because full employment means cyclical unemployment is zero, not 5%.  
- d (only seasonal, structural and frictional exist): this statement is close, but it merely lists types rather than expressing the outcome that workers willing and able can find jobs; c more directly defines the labor‑market condition of full employment.

6) Conclusion
- The best choice is c. This matches the provided answer: c. everybody who is willing and able to work can find a job.

‘Full employment’ refers to a situation in which单项选择题

类似问题

Name the Supreme Court decision that removed financial constraints on PACs.

Political scientists Joshua Kalla and David Broockman find that senior policy makers made themselves available to _____ between three and four times more often than they did to constituents.

Name the political scientist who argues that parties are designed to serve the needs of ambitious politicians (namely candidates and officeholders).

Name the political scientist who said this famous quote about the problems of pluralism: “The flaw in the pluralist heaven is that the heavenly choir sings with a strong upper-class accent.”

What is the name of the third party candidate in 2000 who was not allowed to participate in the presidential debates? Hint: We watched a video clip with him in class.

E.E. Schattshneider said, "Democracy is ________ save in terms of the parties."

Who was the most recently appointed justice to the Supreme Court?

Name the landmark Supreme Court case that struck down spending limits in federal elections.

更多留学生实用工具

智能学习助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单