The natural rate of unemployment is a type of unemployment that does not go away on its own even in the long run.

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The natural rate of unemployment is also known as the "structural unemployment" and refers to the level of unemployment that exists in an economy due to factors such as changes in technology, demographics, and structural shifts in industries. This type of unemployment is considered to be relatively permanent and cannot be fully eliminated through economic policies or market forces.

The Natural Rate of Unemployment Is a Type of Unemployment