HomeHomeCalendarGalleryFAQSearchRegisterMemberlistUsergroupsLog in

Share | 
 

 Full employment

Go down 
AuthorMessage
kosovohp



Number of posts : 75
Registration date : 2010-10-14

PostSubject: Full employment   Thu Nov 25, 2010 3:04 pm

In macroeconomics, full employment is a condition of the national economy, where all or nearly all persons willing and able to work at the prevailing wages and working conditions are able to do so. It is defined either as 0% unemployment, literally, no unemployment (the rate of unemployment is the fraction of the work force unable to find work), as by James Tobin,[1][2] or as the level of employment rates when there is no cyclical unemployment.[3] It is defined by the majority of mainstream economists as being an acceptable level of natural unemployment above 0%, the discrepancy from 0% being due to non-cyclical types of unemployment. Unemployment above 0% is advocated as necessary to control inflation, which has brought about the concept of the Non-Accelerating Inflation Rate of Unemployment (NAIRU); the majority of mainstream economists mean NAIRU when speaking of "full" employment.

little something special
Baby Clothes
Back to top Go down
View user profile
 
Full employment
Back to top 
Page 1 of 1
 Similar topics
-
» First full season in the community garden
» Where can I get flourescent full spectrum lighting?
» The Joy of a Full Larder
» need your opinion on boxes full of weeds
» Hertz petrol tank - full to empty policy

Permissions in this forum:You cannot reply to topics in this forum
 :: Introduction to Key Club-
Jump to: