Question

10. Full employment in the economy is :
(a) a situation when labour demand is not equal to labor supply.
(b) a situation of zero unemployment
© a situation of highest level of employment
(d) consistent with natural rate of unemployment
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Answer 1

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Explanation:

when labour demand is not equal to labor supply.

(b) a situation of zero unemployment

© a situation of highest level of employment

(d) consistent with natural rate of unemployment

17

Answer 2

(b) a situation of zero unemployment