Question

full employment means
a. there is a level of unemployment consistent with
ormal\ frictions in the labor market.
b. everyone has a job.
c. there is
ormal\ frictional unemployment and a small amount of cyclical unemployment.
d. everyone in the labor force has a job.

Explanation:

Full - employment does not mean zero unemployment. There will always be some frictional unemployment due to normal labor - market transitions like people changing jobs. It is the level of unemployment consistent with normal frictions in the labor market. Cyclical unemployment should be close to zero at full - employment.

Answer:

A. there is a level of unemployment consistent with "normal" frictions in the labor market.