12 Full employment resu lts when the rate of unemployment is normal, given the dynamic change and...

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12 Full employment resu lts when the rate of unemployment is normal, given the dynamic change and structural characteristics of the economy. Both public policy and changes in the composition of the labor force affect the full-employment level. The meaningful goal of full employment is employment that produces desired goods and services. It is not employment just for the sake of keeping people working.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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