Marcellus Exler: a) Wrong...zero unemployment is impossible (unless everyone is wiped out)B Maybe..., but you can still have economic growth and development if you were at a stage below full employment or the natural rate.... IT would be GOOD because the natural rate of employment (if it is in a steady state) allows for maximum consumption to be enjoyed...C) Errr no. That is not economic LAW. that is a normative statementD). That sounds right. Full employment is not FULL in the sense that No one is ever unemployed.D is correct....Show more
Kassie Kay: As long as a federal government has a vested interest in the unemployed, there will never be a 'zero' unemployment rate. Get the State out of the business of charity and you might actually see full employment. Otherwise, 4% to 5% is as close as you will ever see.
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