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Question
Full employment:
Options
is consistent with 'natural rate of unemployment'.
occurs when demand for labour force = supply of labour force.
AS = AD with zero level of unemployment.
both (A) and (B)
MCQ
Solution
both (A) and (B)
Explanation:
It represents the maximum amount of skilled and unskilled labour that can be employed at any one time in a given economy.
shaalaa.com
Meaning of Full Employment
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