Asked by Tanya Woods on Jun 15, 2024
Verified
What does NOT occur in a fully employed economy?
A) Cyclical unemployment
B) Discouraged workers
C) Frictional unemployment
D) Structural unemployment
Fully Employed Economy
A situation where all available labor resources are being used in the most economically efficient way, with minimal unemployment.
Cyclical Unemployment
Unemployment that results from business cycle fluctuations and the imbalances in supply and demand that arise in the economy over time.
Discouraged Workers
Individuals who are not actively looking for work because they believe no jobs are available for them or there are no jobs for which they would qualify.
- Acquire knowledge about the nature of structural unemployment and its contributing causes.
- Comprehend the various classifications of unemployment and the techniques used for their quantification.
Verified Answer
KA
Karynn AdamsJun 17, 2024
Final Answer :
A
Explanation :
Cyclical unemployment does not occur in a fully employed economy because it is associated with downturns in the business cycle, which are not present when the economy is at full employment.
Learning Objectives
- Acquire knowledge about the nature of structural unemployment and its contributing causes.
- Comprehend the various classifications of unemployment and the techniques used for their quantification.