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Question
Full employment does NOT imply ______.
Options
Absence of involuntary unemployment
Presence of short-term frictional unemployment
Complete elimination of all unemployment types
Jobs available at prevailing wages for willing workers
MCQ
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Solution
Full employment does NOT imply complete elimination of all unemployment types.
Explanation:
It allows natural unemployment like frictional/structural but targets zero involuntary unemployment for complete resource use.
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