The natural rate of unemployment is sometimes taken as the sum of frictional unemployment and structural unemployment.

Name: The natural rate of unemployment is sometimes taken as the sum of frictional unemployment and structural unemployment.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

The natural rate of unemployment is often defined as the sum of frictional and structural unemployment, as these types of unemployment are considered to be unavoidable and represent the baseline level of unemployment in the economy.

The Natural Rate of Unemployment Is Sometimes Taken as the Sum