Constance: The traditional definition of full employment as a 5 percent unemployment rate is correct, because at levels below 5 percent, inflation rises.
Constance Brigita
That traditional definition of full employment was developed before the rise of temporary and part-time work and the all in benefit levels.
The traditional definition When people are juggling of full employment as a 5 several part-time jobs percent unemployment with no benefits, or rate is correct. working in a series of temporary assignments, as is now the case, 5 percent unemployment is not full employment.
At levels below 5 percent, inflation rises.
Evaluate
Constance and Brigita disagree with each other about whether the definition of full employment as a 5 percent unemployment rate is correct.