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The Natural Unemployment Rate

Question 3

Multiple Choice

The natural unemployment rate


A) has been estimated to range between 4 per cent and 6 per cent in Australia in recent years.
B) occurs when 100 per cent of the labour force is employed.
C) is attained whenever the unemployment rate is less than 5 per cent, because 95 per cent employment is considered full employment.
D) is estimated to be close to 9 per cent in recent years in Australia.

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