The unemployment rate reflecting normal job turnover is called
A)the natural rate of unemployment.
B)the non-accelerating investment rate of unemployment (NAIRU).
C)frictional unemployment.
D)structural unemployment.

Question

Quizplus · Accepted Answer

The natural rate of unemployment refers to the level of unemployment that exists as a result of normal job turnover in the labor market. This includes frictional unemployment (temporary unemployment due to people moving between jobs or entering the workforce) and structural unemployment (unemployment resulting from a mismatch between the skills of workers and the requirements of the available jobs).

The Unemployment Rate Reflecting Normal Job Turnover Is Called