Question

what must be true for an economy to have full employment? 1 point the cyclical unemployment rate must be zero. the voluntary unemployment rate must be zero. the structural unemployment rate must be zero. the frictional unemployment rate must be zero frictional unemployment is best defined as unemployment resulting from 1 point deficits in job skills. transitions between jobs. departures from the workforce. widespread economic disruptions.

Explanation:

Full - employment in an economy occurs when cyclical unemployment is zero. Cyclical unemployment is related to the business - cycle fluctuations. Frictional unemployment (due to job transitions), structural unemployment (due to skill - mismatches), and voluntary unemployment (people choosing not to work) can exist even at full - employment. Frictional unemployment is best defined as unemployment resulting from transitions between jobs as workers search for better opportunities or move between different types of work.

Answer:

1. The cyclical unemployment rate must be zero.
2. transitions between jobs.