The full-employment rate of unemployment is also called the

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The full-employment rate of unemployment refers to the natural rate of unemployment, which is the level of unemployment that remains even when the economy is operating at its potential level of output. This type of unemployment is caused by structural and frictional factors, rather than cyclical factors, and is considered the lowest level of unemployment that can be sustained without causing inflationary pressures.

The Full-Employment Rate of Unemployment Is Also Called the