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Full employment is a situation where
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- there is no involuntary unemployment
- there is involuntary unemployment
- there is no voluntary unemployment
- there is voluntary unemployment
- there is no involuntary unemployment
Correct Option: B
Full employment refers to a situation in which every able bodied person who is willing to work at the prevailing rate of wages is, in fact, employed. It implies absence of involuntary unemployment which occurs when those who are willing to work at the going wage rate do not get work.
