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Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment1 Mark
Question
Give the meaning of full employment.
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Answer

Full employment equilibrium refers to the situation where aggregate demand aggregate supply and all those who are able to work and willing to work (at the existing wage rate) are getting work.

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