UnemploymentUnemploymentChapter 6In this chapter, you will learn:…about the natural rate of unemployment:what it meanswhat causes itunderstanding its behavior in the real worldNatural rate of unemploymentNatural rate of unemployment: The averagerate of unemployment around which the economy fluctuates. In a recession, the actual unemployment rate rises above the natural rate. In a boom, the actual unemployment rate falls below the natural rate.
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