Which of the following is NOT true regarding the natural rate of unemployment?
A) The natural rate of unemployment equals the sum of the frictional and structural rates.
B) If the economy is operating at the natural rate of unemployment,cyclical unemployment is equal to zero.
C) The natural rate of unemployment correlates positively with the level of GDP growth in an economy.
D) The actual rate of unemployment varies around the natural rate over time.
Correct Answer:
Verified
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