Full employment can mean that 1 Quantity supplied is less th

Full employment can mean that: 1- Quantity supplied is less than quantity demanded in the labor market. 2-Quantity supplied is not equal to quantity demanded. 3- Quantity supplied is greaterthan quantity supplied in the labor market. 4- Quantity supplied equals quantity demanded in the labor market.

Solution

Correct option is (4).

When quantity of labor demanded at a certain wage rate is equal to the quantity of labor supplied at that wage rate, there is full employment in the labor market.