What makes up the natural rate of unemployment?

Question

Quizplus · Accepted Answer

The natural rate of unemployment is comprised of frictional and structural unemployment. Frictional unemployment refers to the time that workers spend searching for new jobs, while structural unemployment occurs as a result of mismatches between available jobs and workers' skills or locations. Cyclical unemployment, on the other hand, refers to the fluctuations in unemployment that occur as a result of changes in the business cycle, and is not considered part of the natural rate of unemployment.

What Makes Up the Natural Rate of Unemployment