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Natural Rate of Unemployment usually means Zero unemployment, i . e . no frictional, structural or cyclical unemployment. Some frictional and cyclical unemployment, but no
Natural Rate of Unemployment usually means
Zero unemployment, ie no frictional, structural or cyclical unemployment.
Some frictional and cyclical unemployment, but no structural unemployment.
Some structural and cyclical unemployment, but no frictional unemployment.
Some frictional and structural unemployment, but no cyclical unemployment.
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