What is the difference between the natural rate of unemployment vs. the full employment rate of unemployment? a) The natural rate of unemployment is the economy's long-run unemployme rate in the absence of government intervention while the full employment rate of unemployment is a policy preference initiated by Congress. Ob) The natural rate of unemployment ranges between 5-6% unemployment while the full employment rate of unemployment is lower, at about 4%. c) Both the natural rate of unemployment and the full employment rate of unemployment consist of the same 2 types of unemployment. d) All of the

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Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.