Econ paper 2.docx - Angeline Pineda Washington State University Econs 102 Section 1 Christopher Clarke Writing Assignment 2 The Natural Rate of

Econ paper 2.docx - Angeline Pineda Washington State...

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Angeline Pineda Washington State University Econs 102 Section 1 Christopher Clarke Writing Assignment 2: The Natural Rate of Unemployment When defining full employment one can agree that it is basically like a rate and can be defined as when cyclical unemployment is zero. In addition full employment can be seen as the point in which actual unemployment is the equivalent/equal to natural unemployment due to cyclical Unemployment being equal to zero. To comprehend this one must completely understand cyclical unemployment. Although I will be discussing in depth about cyclical unemployment later on through the paper it can be briefly defined as any kind of unemployment that diverges from natural/normal unemployment rate. Moving on to frictional unemployment one can define it as the result of people searching for a employment/job. Fictional unemployment is when an individual is seeking employment and counties being unemployed and finds themselves not being able to find a job suited for them. Generally this just
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