Unemployment and Full Employment - Unemployment and Inflation (2/3) | Principles of Macroeconomics

Unemployment and Full Employment is the focus of this video.
The following subtopics are covered in the series:
- why unemployment is a problem
- relevant definitions
- labour market indicators
- additional definitions of unemployment
- frictional unemployment
- structural unemployment
- cyclical unemployment
- natural unemployment
- why inflation and deflation are problems
- the consumer price index
- calculating CPI
- measuring the rate of inflation
- evaluation of the CPI
- alternative price indices to the CPI
- core inflation

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[youngwolf]

So if natural rate of unemployment was 0%, would that be full employment despite 10 million people being economically inactive?

In other words, is the employment rate in this example 95% as 19million of the 20million looking for or are in jobs are employed?