Examlex
Which of the following statements is true?
Natural Rate
Often refers to the natural rate of unemployment, which is the level of unemployment consistent with sustainable economic growth, considering factors like market imperfections.
Estimated
An approximate calculation or judgment of the value, number, quantity, or extent of something, based on available data.
Natural Rate
Typically refers to the natural rate of unemployment, which is the rate of unemployment expected when the economy is at full employment, without cyclical unemployment.
Unemployment Rate
The percentage of unemployed persons in the labor force who are vigorously trying to secure a job.
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