Full Employment
The purpose of this assessment is to understand the concept of full employment and analyze how frictional unemployment affects it.
Assessment Description:
Based on your understanding of full employment, answer the following questions:
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- What does full employment mean to you?
- Does full employment mean everyone who is looking for the job gets one?
- Is it possible for an economy to achieve full employment? Provide appropriate rationale to support your response.
- Is full employment related to natural rate of employment? Provide appropriate rationale to support your response.
- How does frictional unemployment always come in the way of full unemployment?
Submission Requirements:
Submit your response in a Microsoft Word document with the following specifications:
- Font: Arial; Point 12
- Spacing: Double
- Page length: 2 pages
Evaluation Criteria:
The Essay assessment will be evaluated using the following criteria:
- Did you answer all the questions correctly?
- Did you explain appropriate rationale to support your answers?
- Did you use macroeconomic terminologies in your essay wherever possible?
- Did your thoughts flow coherently?
- Did you meet the page length requirements?
- Did you adhere to Standard English grammar, spelling, and punctuation requirements?
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