TwilightUzumaki
Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

THIS IS AN ECONOMICS QUESTION

When economists and policy makers talk about full employment, they do not mean 100 percent employment, rather they mean reaching a certain point that still leaves a portion of the labor force unemployed. Why is this the case and what are the kinds of unemployment that exist that do not allow us to reach 100 percent employment?

Sagot :

Employment cannot reach 100 percent because there is always unemployment. The kinds of unemployment that do not allow 100 percent employment are frictional, structural, cyclical and seasonal unemployment
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.