The rate of unemployment when the economy is at its potential output is called ______________.

a. Structural rate of unemployment
b. Frictional rate of unemployment
c. Natural rate of unemployment
d. Full-employment rate of unemployment

Question

The rate of unemployment when the economy is at its potential output is called ______________.

a. Structural rate of unemployment
b. Frictional rate of unemployment
c. Natural rate of unemployment
d. Full-employment rate of unemployment

The rate of unemployment when the economy is at its potential output is called ______________.

a. Structural rate of unemployment

b. Frictional rate of unemployment

c. Natural rate of unemployment

d. Full-employment rate of unemployment

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The rate of unemployment when the economy is at its potential output is called ______________. a. Structural rate of unemployment b. Frictional rate of unemployment c. Natural rate of unemployment d. Full-employment rate of unemployment