The goal for high employment should be a level of unemployment at which the demand for labor equals the supply of labor. Economists call this level of unemployment the

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The level of unemployment at which the demand for labor equals the supply of labor is referred to as the natural rate of unemployment. This level of unemployment is also known as the non-accelerating inflation rate of unemployment (NAIRU). It represents the lowest unemployment rate that can be sustained in the long run without triggering inflationary pressures in the economy.

The Goal for High Employment Should Be a Level of Unemployment