The normal rate of unemployment that persists in the economy in the long run is called a. frictional unemployment. b. structural unemployment. c. cyclical unemployment. d. the natural rate of unemployment.
The normal rate of unemployment that persists in the economy in the long run is called a. frictional unemployment. b. structural unemployment. c. cyclical unemployment. d. the natural rate of unemployment.
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 11SQ
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The normal rate of
a. frictional unemployment.
b. structural unemployment.
c. cyclical unemployment.
d. the natural rate of unemployment. Expert Solution
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The normal rate of unemployment that persists in the economy in the long run is called the (d) natural rate of unemployment.
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