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 are students who chose not to work part of the labor force 1 point yes no

Explanation:

1. Full - employment in an economy occurs when cyclical unemployment is zero. Cyclical unemployment is related to the business cycle. Frictional and structural unemployment are always present to some degree in a healthy economy as they are due to normal labor market turnover and skills - mismatch respectively. Voluntary unemployment is not considered in the determination of full - employment as it is a choice.
2. Students who choose not to work are not part of the labor force. The labor force consists of those who are employed and those who are unemployed but actively seeking work.

Answer:

1. The cyclical unemployment rate must be zero.
2. no