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Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate. Reason (R): -

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Question

Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.

Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.

Options

  • Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

  • Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)

  • Assertion (A) is true, but Reason (R) is false

  • Assertion (A) is false, but Reason (R) is true

MCQ

Solution

Assertion (A) is true, but Reason (R) is false

Explanation:

The term "full employment equilibrium" refers to a scenario in which aggregate demand and aggregate supply are equal at full employment.

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Meaning of Full Employment
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