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What Is Meant by the Natural Rate of Unemployment

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What is meant by the natural rate of unemployment?


Definitions:

Changing Phase

A transition period in which an organization or individual adapts to new conditions or transforms its operations or behavior.

Lewin's Model

A change management model created by Kurt Lewin that includes three stages: unfreezing, changing, and refreezing.

Organizational Change

A process through which a company or organization alters its structures, strategies, operational methods, technologies, or organizational culture to effect change within the organization and adapt to new market trends or challenges.

Transformational Change

The process of change that results in a major and comprehensive redirection of the organization.

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