Suppose the rate of frictional unemployment is 2%; the rate of structural unemployment is 3% ; and the actual rate of unemployment is 9%. What is the Natural Rate of Unemployment?
All answers are appreciated. Thanks.
Economic Question Help?heart rate
that natural rate of unemployment should be 5%. natural unemployment is structural+frictional. it the actual unemployment rate is 9% then we have a 4% cyclical unemployment, which is not good. any cyclical unemployment in my opinion is bad
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