Asked by
Nicholas Acosta
on Nov 16, 2024
Verified
The natural rate of unemployment is constant over time.
Natural Rate
The long-term rate of unemployment expected in an economy, factoring in frictional and structural unemployment.
Constant Over Time
Refers to a variable or a condition that does not change as time progresses, remaining stable in both the short term and the long term.
- Detect false beliefs regarding the natural unemployment rate.
Verified Answer
JM
Learning Objectives
- Detect false beliefs regarding the natural unemployment rate.
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