full employment

English

Noun

full employment (uncountable)

  1. (economics) An economic situation in which there is no cyclical unemployment.
    • 1979, James H. Gapinski with Charles Edward Rockwood and Abba Ptachya Lerner, Essays in post-Keynesian inflation, page 272:
      ... not at the time recognized that this was a basic departure from the Keynesian view in which both of these full employments were regarded as identical.

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