The Natural Rate of Unemployment

question 227

Multiple Choice

The natural rate of unemployment:

• A)is composed of frictional, structural, and cyclical unemployment.
• B)is equal to zero.
• C)is always greater than the actual unemployment rate.
• D)is composed of structural and frictional unemployment.

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Definitions:

New Ventures

Freshly started business endeavors that aim to meet a marketplace need or to capitalize on an opportunity.

American Entrepreneur

An individual in the United States who initiates and manages a business venture, taking on financial risks in the hope of profit.

Entrepreneurial Faculties

The skills, abilities, and mindset required to successfully identify opportunities, create, and grow new business ventures, including creativity, leadership, and risk tolerance.

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