The natural rate of unemployment includes unemployment due to a mismatch between the skills workers have and the skills new jobs require.

Name: The natural rate of unemployment includes unemployment due to a mismatch between the skills workers have and the skills new jobs require.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

The natural rate of unemployment includes all types of unemployment that exist in a healthy economy, including structural unemployment caused by skills mismatches.

The Natural Rate of Unemployment Includes Unemployment Due to a Mismatch