Asked by
Ashley Johnson
on Dec 17, 2024Verified
The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.
Natural Rate
The long-term unemployment rate that is observed once the effect of short-term cyclical factors has been removed and is thought to be due to structural factors in the economy.
- Gain insight into the ideas of the natural rate of unemployment and cyclical unemployment.
Verified Answer
PL
Learning Objectives
- Gain insight into the ideas of the natural rate of unemployment and cyclical unemployment.
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