Economists believe the natural rate of unemployment is approximately ________ percent.

Question

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The natural rate of unemployment is the rate of unemployment that exists even when the economy is at full employment. It is caused by factors such as frictional unemployment (people who are between jobs) and structural unemployment (people who lack the skills needed for available jobs). The natural rate of unemployment is typically around 5-6%.

Economists Believe the Natural Rate of Unemployment Is Approximately ________