The economy's self-correcting mechanism always tends to push the unemployment rate back toward a specific rate of unemployment called

Question

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The natural rate of unemployment is the rate at which the economy is at full employment, with no cyclical unemployment. It represents the level of unemployment that exists when the economy is operating at its potential and is determined by structural factors such as demographics, education, and technology. The self-correcting mechanism of the economy tends to push the unemployment rate back toward this natural rate over time.

The Economy's Self-Correcting Mechanism Always Tends to Push the Unemployment