The natural rate of unemployment includes

Question

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The natural rate of unemployment includes frictional and structural unemployment only. Seasonal and cyclical unemployment are not included in the natural rate of unemployment because they are considered to be temporary and unstable. Frictional unemployment occurs when workers are in between jobs or are looking for new opportunities, while structural unemployment is caused by changes in the economy that make certain skills or industries obsolete. Together, these two forms of unemployment make up the natural rate of unemployment.

The Natural Rate of Unemployment Includes