Question : _____________________ refers to a situation in which all those people, who are willing and able to work at the existing wage rate, get work without any undue difficulty.
Option 1: Frictional employment
Option 2: Structural employment
Option 3: Full employment
Option 4: Involuntary unemployment
Answer (1)
25th Jan, 2024
Correct Answer: Full employment
Solution : Full employment refers to a situation in which all those people, who are willing and able to work at the existing wage rate, get work without any undue difficulty.
Hence, Option C is correct.
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