The natural rate of unemployment is that rate at which the economy achieves its potential real GDP.

Name: The natural rate of unemployment is that rate at which the economy achieves its potential real GDP.
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The natural rate of unemployment is the rate at which the economy achieves its potential real GDP, which is also known as the full-employment rate of unemployment. This is the level of unemployment that exists when the labor market is in equilibrium and there is no cyclical unemployment.

The Natural Rate of Unemployment Is That Rate at Which