A country is at full-employment when its unemployment rate is at:

Name: A country is at full-employment when its unemployment rate is at:
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The natural rate of unemployment is considered the level at which the economy is at full employment, accounting for frictional and structural unemployment but excluding cyclical unemployment. It is not zero unemployment, as some level of unemployment is always present due to people transitioning between jobs or due to mismatches in job skills.

A Country Is at Full-Employment When Its Unemployment Rate Is