Suppose the economy is experiencing frictional unemployment of 1 per cent, structural unemployment of 3 per cent and cyclical unemployment of 4 per cent. What is the natural unemployment rate?
A)7 per cent
B)3 per cent
C)5 per cent
D)4 per cent

Question

Quizplus · Accepted Answer

The Answer of Suppose the economy is experiencing frictional unemployment of 1 per cent, structural unemployment of 3 per cent and cyclical unemployment of 4 per cent. What is the natural unemployment rate?
A)7 per cent
B)3 per cent
C)5 per cent
D)4 per cent

Suppose the Economy Is Experiencing Frictional Unemployment of 1 Per