alleryStart learning →What does the goal of full employment mean?
AEvery adult in the country holds a full-time paid job
BAll who want to work and can work have jobs available
CNobody changes jobs, so the labor force stays settled
DEvery worker is employed in the industry they trained in
Answer & Solution
Correct answer: B. All who want to work and can work have jobs available
1. Full employment is the condition when all people who want to work and can work have jobs.
2. It does not mean one hundred percent employment of the whole adult population.
3. Some people choose not to work for personal reasons such as study or raising children.
4. Others are temporarily unemployed while they wait to start a new job, which the goal allows for.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 1 "Understanding Economic Systems and Business", section 1.4 Macroeconomics: The Big Picture_
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