The unemployment rate is usually zero except during recessions.

Name: The unemployment rate is usually zero except during recessions.
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The statement is incorrect. The unemployment rate is never zero, as there is always some amount of frictional and structural unemployment present in the economy even during periods of economic growth. The natural rate of unemployment, which is the rate at which the economy is considered to be at full employment, is typically around 4-5%.

The Unemployment Rate Is Usually Zero Except During Recessions