Asked by
Bailey Lubben
on Nov 16, 2024
Verified
The natural rate of unemployment is impervious to economic policy.
Natural Rate
The rate of any economic variable, such as unemployment or interest, believed to be inherent when the economy is in equilibrium.
Economic Policy
A course of action that is intended to influence or control the behavior of the economy, including taxation, government budgets, and interest rates.
- Identify errors in understanding the natural rate of unemployment.
Verified Answer
BS
Learning Objectives
- Identify errors in understanding the natural rate of unemployment.
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