The sum of the frictional and structural unemployment rates is thought of as the:
A) cyclical rate of unemployment.
B) natural rate of unemployment.
C) seasonal rate of unemployment.
D) normal rate of unemployment.

Question

Quizplus · Accepted Answer

The natural rate of unemployment includes both frictional and structural unemployment. Therefore, the sum of these two rates is equal to the natural rate of unemployment.

The Sum of the Frictional and Structural Unemployment Rates Is