Natural unemployment is caused by frictional and structural factors in the economy.

Name: Natural unemployment is caused by frictional and structural factors in the economy.
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Natural unemployment, also known as the equilibrium unemployment rate, occurs due to frictional and structural factors in the economy such as skills mismatch, geographical barriers, and changes in technology. It is different from cyclical unemployment, which is caused by changes in the business cycle.

Natural Unemployment Is Caused by Frictional and Structural Factors in the Economy