What types of unemployment will still exist when the economy is at the natural rate of unemployment?

Question

Quizplus · Accepted Answer

The natural rate of unemployment refers to the level of unemployment that exists when the economy is at full employment, meaning there is no cyclical unemployment. However, there will still be frictional and structural unemployment due to factors such as workers transitioning between jobs or technological changes leading to the displacement of certain types of workers.

What Types of Unemployment Will Still Exist When the Economy