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  • Natural Rate of Unemployment

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    KaziUdoyHøssâîñÑøBíñ
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    The natural rate of unemployment refers to the combination of frictional and structural unemployment that exists even when an economy is efficient and expanding. It represents the unemployment rate that persists when labor and resource markets are in equilibrium.

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    natural rate of unemployment

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    The natural rate of unemployment refers to the combination of frictional and structural unemployment that exists even when an economy is efficient and expanding. It represents the unemployment rate that persists when labor and resource markets are in equilibrium.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views1 page

    Natural Rate of Unemployment

    Uploaded by

    KaziUdoyHøssâîñÑøBíñ
    The natural rate of unemployment refers to the combination of frictional and structural unemployment that exists even when an economy is efficient and expanding. It represents the unemployment rate that persists when labor and resource markets are in equilibrium.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    What is natural rate of unemployment?

    The natural rate of unemployment is a combination of frictional and


    structural unemployment that persists in an efficient, expanding
    economy when labor and resource markets are in equilibrium..

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