Examlex
Which of the following statements is not true?
Full Employment
A situation in an economy where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of involuntary unemployment.
Full Production
A state of economic production in which all available resources (labor, capital, etc.) are being used efficiently, leading to the maximum possible output.
Capacity Utilization
The percentage of a country's production capacity that is actually being used over a certain period of time, indicating the overall economic activity and efficiency.
Labor Unemployment
A situation where individuals who are willing and able to work are unable to find employment, often measured by the unemployment rate.
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