Unemployment at Full Employment
Why is the unemployment rate not equal to zero at the full employment level of output?
A
Frictional unemployment exists because some workers are always transitioning between jobs.
B
The full employment metric does not account for government employees.
C
Cyclical unemployment is present, driven entirely by the economic cycle.
D
There is a persistent shortage of workers in the labor market.
Question Leaderboard
Not enough data yet to show leaderboard.