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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Related Book For
Essentials Of Economics
ISBN: 396414
2nd Edition
Authors: James D Gwartney; Richard Stroup; J R Clark
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