full employment

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full employment (uncountable)

  1. (economics, politics) A policy goal state in which all those wanting employment at the prevailing wages can find it.
    • 1979, James H. Gapinski; Charles Edward Rockwood, 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.