The Natural Unemployment Rate Includes

question 119

Multiple Choice

The natural unemployment rate includes

• A)both frictional and structural unemployment.
• B)neither frictional nor structural unemployment.
• C)structural but not frictional unemployment.
• D)frictional but not structural unemployment.

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Definitions:

Work Changes

Shifts in employment structures, work practices, or occupational trends, often driven by technological advancements, economic shifts, or cultural transformations.

Economy Sectors

Refers to the divisions within a country's economy that categorize types of business activities: primary (extraction of raw materials), secondary (manufacturing), tertiary (services), and quaternary (knowledge-based activities).

Part-Time Work

Employment that entails working fewer hours than a full-time job, often offering flexibility but with lesser benefits compared to full-time employment.

Economic Transformations

Significant and widespread changes in the structure of an economy, often involving shifts from agricultural to industrial or service-based sectors.