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Natural Rate
The long-term rate of unemployment around which the job market is in balance, where all those willing to work at prevailing wage rates can find employment.
Policymakers
Individuals or groups responsible for making decisions and creating policies for political, economic, or social systems.
Natural Rate
Often referred to in the context of unemployment, it is the long-term rate of unemployment that an economy experiences even when it is operating at a full capacity.
Natural Rate
The long-term unemployment rate that is observed once the effect of short-term cyclical factors has been removed and is thought to be due to structural factors in the economy.
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