Today many economists believe that the natural rate of unemployment is back down to its historic pattern of

Question

Quizplus · Accepted Answer

The natural rate of unemployment, often considered to reflect the amount of unemployment that exists when the economy is at full capacity, is generally estimated by economists to be around 5%. This rate accounts for frictional and structural unemployment but not cyclical unemployment related to economic downturns.

Today Many Economists Believe That the Natural Rate of Unemployment