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Natural Rate of Unemployment Quiz

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1. What is the 'Natural Rate of Unemployment'?

2. What is the relationship between the natural rate of unemployment and inflation?

3. Which of the following factors can influence natural rate of unemployment?

4. Why is the natural rate of unemployment not zero?

5. What is the difference between the natural rate of unemployment and cyclical unemployment?

6. What does the 'NAIRU' stand for?

7. How does high minimum wage impact the natural rate of unemployment?

8. What type of unemployment is not included in the natural rate of unemployment?

9. What would happen if an economy operates below its natural rate of unemployment?

10. What factors would decrease the natural rate of unemployment?