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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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