The sum of frictional and structural unemployment is the:
A)actual unemployment level.
B)cyclical amount of unemployment.
C)natural rate of unemployment.
D)amount of unemployment in an economy during a recession.

Question

Quizplus · Accepted Answer

The sum of frictional and structural unemployment is known as the natural rate of unemployment, which represents the long-term equilibrium rate of unemployment in the economy. It is not directly related to cyclical or recessionary levels of unemployment. So, option C is the correct answer.

The Sum of Frictional and Structural Unemployment Is The