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Ashley Johnson
on Dec 17, 2024

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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.
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phillipina LutterodtDec 24, 2024
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