Definition of Full Employment
Definition of “Full Employment”?
Expert
1. Full employment does not mean zero unemployment.
2. The full employment unemployment rate is equal to the total frictional and structural unemployment.
3. The full employment rate of unemployment is also referred to as the natural rate of unemployment.
4. The natural rate is achieved when labor markets are in balance; the number of job seekers equals the number of job vacancies. At this point the economy’s potential output is being achieved.
5. The natural rate of unemployment is not fixed but depends on the demographic makeup of the labor force and the laws and customs of the nations.
6. The recent drop in the natural rate of 6% to 5.5% has occurred mainly because of the aging of the work force and increased competition in product and labor markets.
Write down the importance of Earnings per share?
Question: Some developing countries have suffered banking crises in which depositors lost part or all of their deposits (in some countries there is no deposit insurance). This type of crisis decreases depositors' confidence in the banking syst
Describe unanticipated inflation?
Describe the Slope of a nonlinear curve?
As illustrated by Adam Smith that there are two innate psychological attributes of humans. One is which people have a powerful wish to better their individual circumstances. The other is as human beings so we are: (1) more interested
The first comprehensive work upon economics written within English was authored through Adam Smith in 1776 year and entitled that “An Inquiry within the Nature and Causes of: (1) Laws of Supply and Demand.” (2) Wealth of Nations.” (3
Explain by giving example of an absolute advantage in production of two products?
What does high or low operating leverage specify?
Question Write a report on a local firm that faces Human Resource Management problems. Pick two major problems and provide solutions to it. The company selected must
Cingular and Alltel involve in aggressive and expensive advertising for cell-phones. A reason for this advertising may be: (1) attempts to increase market share. (2) predatorily drive other firms by the market. (3) to increase the use of cell phones.
18,76,764
1928869 Asked
3,689
Active Tutors
1415237
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!