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17 February, 11:24

Full employment means that there is no unemployment, so the unemployment rate would be zero. The "normal" underlying level of unemployment in the economy is

A. the natural rate of unemployment.

B. the full-employment rate of unemployment.

C. the sum of structural unemployment and frictional unemployment.

D. All of the above.

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Answers (1)
  1. 17 February, 12:34
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    (D) all of the above
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