FULL EMPLOYMENT/ INVOLUNTARY UNEMPLOYMENT – InterviewSolution

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1.	FULL EMPLOYMENT/ INVOLUNTARY UNEMPLOYMENT
Answer» Full employment is an economic situation in which all available labor resources are being used in the most efficient way possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any given timeORInvoluntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed. Involuntary unemployment is distinguished from voluntary unemployment, where workers choose not to work because their reservation wage is higher than the prevailing wage

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