A country's structural unemployment rate is 3.2%, the frictional unemployment rate is 2.1%, and the cyclical...

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Question

A countrys structural unemployment rate is 3.2%, the frictional unemployment rate is 2.1%, and the cyclical unemployment rat

Answer 1

Answer #1

Natural Rate of unemployment

Natural Rate of unemployment = Structural unemployment + Frictional unemployment

Natural Rate of unemployment = 3.2% + 2.1%

Natural Rate of unemployment = 5.3%

Thus option D is correct

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Answer 2

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