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Solve the standard minimization problem using duality.
Minimize
Subject to
Fully Employed Economy
A situation where all available labor resources are being used in the most economically efficient way, with minimal unemployment.
Cyclical Unemployment
Unemployment that results from business cycle fluctuations and the imbalances in supply and demand that arise in the economy over time.
Discouraged Workers
Individuals who are not actively looking for work because they believe no jobs are available for them or there are no jobs for which they would qualify.
Cyclical Unemployment
A type of unemployment that corresponds with the cyclical trends in growth and production that occur within the business cycle.
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