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Why does every economy have a natural rate of unemployment (NRU)? Can the actual unemployment rate measured by Statistics Canada be greater or lesser than

Why does every economy have a natural rate of unemployment (NRU)? Can the actual unemployment rate measured by Statistics Canada be greater or lesser than the NRU. If so, why

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Every economy has a natural rate of unemployment NRU due to several factors Frictional Unemployment This is the unemployment that occurs as people tra... blur-text-image

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