Asked by
Katie Wallace
on Nov 16, 2024
Verified
The deviation of unemployment from its natural rate is called cyclical unemployment.
Natural Rate
The level at which a certain economic variable (such as unemployment or interest rate) naturally settles, in the absence of external influences.
- Gain insight into the distinction between natural and cyclical unemployment.
Verified Answer
SW
Learning Objectives
- Gain insight into the distinction between natural and cyclical unemployment.
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