Another term for what the text calls the "target rate of unemployment" is:

Name: Another term for what the text calls the "target rate of unemployment" is:
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The "target rate of unemployment" is often referred to as the natural rate of unemployment. This term describes the level of unemployment that exists when the economy is at full employment, taking into account the frictional and structural unemployment but excluding cyclical unemployment.

Another Term for What the Text Calls the "Target Rate