Question

A state of full employment exists when there is no _____________ unemployment in the economy.
a. structural
b. seasonal
c. cyclical
d. frictional
*if you can answer both of these*
Which of the following BEST describes an economy experiencing full employment?
a. Frictional, seasonal, and cyclical unemployment will still be present in the economy.
b. Frictional, seasonal, and structural unemployment will still be present in the economy.
c. There is no unemployment present in the economy.
d. Seasonal, structural, and cyclical unemployment will still be present in the economy.

Answer 1

Answer:

C (not positive about this)

Explanation:

Let's go through all of these answers first.

A- Structural, which means something that is part of the building part of this. I do not think that is correct, as it isn't very relevant.

B- Seasonal. While we don't have concrete evidence that's incorrect, let's keep going and see if something fits better than that.

C- Cyclial, which means to be part of a cycle. In this case, it'd be the cycle of unemployment. Which sounds pretty appropriate.

D. Frictional. This also is not relevant to the topic.

So we can cross out A and D and we are left with B and C. We can tell that C seems to be more appropriate for this scenario, so we are left with C as our answer. I haven't done much in this topic though, so of course I could be incorrect.