Economists at the Congressional Budget Office estimated that for 2012, the U.S. natural rate of unemployment was

Question

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The natural rate of unemployment is the rate at which the economy is operating at full employment with no cyclical unemployment. In 2012, the CBO estimated the natural rate of unemployment to be 5.5%. This means that any unemployment rate above 5.5% is considered to be cyclical unemployment caused by temporary economic conditions.

Economists at the Congressional Budget Office Estimated That for 2012