What is full employment in macroeconomics?

Economics Dec 14, 2020

Expert Solution

In macroeconomics, fully employment is a condition where everyone who wants to work has a job. This means that there is no unemployment in a society during that time. Full employment is a sign of a health economy because it means that there is enough demand in products and services to give all people jobs. This high demand means that the people in a nation have money to spend.

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