Natural unemployment equals _____ unemployment plus _____ unemployment.

Question

Quizplus · Accepted Answer

Natural unemployment is composed of two types of unemployment: frictional unemployment, which occurs when workers are searching for jobs or transitioning between jobs, and structural unemployment, which occurs when there is a mismatch between the skills or location of workers and the available jobs in the market. Cyclical unemployment, which is caused by fluctuations in the business cycle, is not included in the definition of natural unemployment.

Natural Unemployment Equals _____ Unemployment Plus _____ Unemployment

Natural Unemployment Equals _ Unemployment Plus _ Unemployment