Natural unemployment equals _____ unemployment plus _____ unemployment.

Question

Quizplus · Accepted Answer

Natural unemployment is made up of both frictional unemployment, which is the unemployment that occurs as workers move between jobs, and structural unemployment, which is the unemployment that results from a mismatch between the skills of workers and the requirements of available jobs. Cyclical unemployment, which is the unemployment that results from changes 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