The natural rate of unemployment
(i)is the economy's desirable level of unemployment.
(ii)cannot be affected by economic policy.
(iii)is typically constant over time.
A)(i) and (ii) only
B)(iii) only
C)(i), (ii), and (iii)
D)None of the above is correct.

Question

Quizplus · Accepted Answer

The natural rate of unemployment is not necessarily the desirable level, can be influenced by policies like training programs, and can change over time due to factors like demographics and technology.

The Natural Rate of Unemployment