The level of unemployment that is equal to the frictional and structural rate in the long run is sometimes referred to as
A) cyclical employment.
B) the natural rate of unemployment.
C) the total rate of unemployment.
D) the zero unemployment rate.

Question

Quizplus · Accepted Answer

The level of unemployment that is equal to the frictional and structural rate in the long run is known as the natural rate of unemployment. It is a result of normal patterns of job transitions and changes in the economy, and can only be reduced through education, training, and other policies aimed at addressing structural factors.

The Level of Unemployment That Is Equal to the Frictional