the economy of finlandia is at full employment when\na. there is some unemployment due to friction in the…

the economy of finlandia is at full employment when\na. there is some unemployment due to friction in the labor market, but there is no cyclical unemployment\nb. there is zero unemployment in the economy.\nc. everyone looking who wants a job has one.\nd. there is some cyclical unemployment in the economy, but there is no frictional unemployment.

the economy of finlandia is at full employment when\na. there is some unemployment due to friction in the labor market, but there is no cyclical unemployment\nb. there is zero unemployment in the economy.\nc. everyone looking who wants a job has one.\nd. there is some cyclical unemployment in the economy, but there is no frictional unemployment.

Answer

Brief Explanations:

Full - employment in an economy does not mean zero unemployment. Frictional unemployment, which is due to normal labor - market turnover like people changing jobs, is always present. Cyclical unemployment is related to the business cycle. At full employment, there is no cyclical unemployment, but some frictional unemployment exists.

Answer:

A. there is some unemployment due to friction in the labor market, but there is no cyclical unemployment