Which of the following is correct? The natural rate of unemployment a
Which of the following is correct? The natural rate of unemployment
a. is a zero unemployment rate.
b. has been steady at 3 percent over the past decade.
c. is defined by Friedman as that rate of unemployment “in which everyone who wants a job can have a job.”
d. is the unemployment rate that exists in the long-run.
e. None of the above
ANSWER
D
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