= Full-employment theorem
{wiki=Full-employment_theorem}
The Full Employment Theorem, often discussed in the context of macroeconomics, refers to the concept that an economy can achieve full employment without inflation, provided that all resources are being utilized efficiently. It implies that all individuals who are willing and able to work can find employment at prevailing wage rates, assuming that the economy operates at its potential level of output. Key points regarding the Full Employment Theorem include: 1. **Definition of Full Employment**: Full employment does not mean zero unemployment.
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