Economics · Employment and Unemployment
Which of the following statements is false regarding unemployment and employment concepts?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A natural rate of unemployment, consisting of frictional and structural unemployment, always exists in a healthy economy.
- 2A situation of full employment implies that there is absolute zero unemployment in the economy.✓
- 3Voluntary unemployment refers to a situation when people choose to remain unemployed even when work is available.
- 4Involuntary unemployment occurs when people are unable to get work, even when they are willing and able to work.
Correct answer
A situation of full employment implies that there is absolute zero unemployment in the economy.
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