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Explain What Economists Mean by Full Employment and Why This

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Essay

Explain what economists mean by full employment and why this rate of unemployment is not zero.


Definitions:

Predominate Product

The product in a chemical reaction that is formed in greater quantity compared to any other products, often due to its more favorable energy state or kinetic pathway.

Unsaturation Number

A measure of the degree of unsaturation (number of double or triple bonds, including rings) present in an organic molecule.

Molecular Formula

The representation of a compound showing the types and numbers of atoms present in the simplest ratio.

Reaction Pathway

The sequence of events at the molecular level that leads to a chemical reaction, including the transition states and intermediate products.

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