Asked by Anonymous
Why do economists refer to the economy as "fully employed" even when there is measured unemployment as high as 4.5% -5% ?
Answers
Answered by
Ms. Sue
"Full employment" means that at any given time, some workers are between jobs.
http://www.colorado.edu/economics/courses/econ2020/section5/full-employment.html
http://www.colorado.edu/economics/courses/econ2020/section5/full-employment.html
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