The natural rate of unemployment is generally thought of as the
The natural unemployment rate excludes cyclical demand-deficiency unemployment and is conventionally the sum of frictional and structural unemployment. None of the ratios or…
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The natural rate of unemployment is generally thought of as the
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Correct answer D
The natural unemployment rate excludes cyclical demand-deficiency unemployment and is conventionally the sum of frictional and structural unemployment. None of the ratios or sums containing cyclical unemployment gives that definition.
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UGC NET Economics