Full employment

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Full employment is when everyone who seeks a job can obtain one, except for people who are structurally unemployed. Also, the average price level should be stable.

Full employment in Marxist societies

The Union of Soviet Socialist Republics, a purported "workers paradise" and liberal leftist utopia, officially maintained throughout its existence it had achieved full employment. Technically, this may be correct, if forced labor in gulags and other types of involuntary servitude are considered in tabulating employment statistics.

References

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