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The natural rate of unemployment is the economist's notion of a. frictional unemployment. b. full employment....

The natural rate of unemployment is the economist's notion of a. frictional unemployment. b. full employment. c. cyclical employment. d. structural unemployment.

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Answer #1

The natural rate of unemployment is the full employment, where economy produces it's potential GDP and it is achieved when cyclical unemployment is zero.

Answer: option B

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