The natural rate of unemployment is the unemployment rate that would exist in the absence of

Name: The natural rate of unemployment is the unemployment rate that would exist in the absence of
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The natural rate of unemployment is the unemployment rate that would exist in the absence of cyclical unemployment, which is associated with economic downturns or recessions. Structural, frictional, and seasonal unemployment can still exist when the economy is at its natural rate of unemployment.

The Natural Rate of Unemployment Is the Unemployment Rate That