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What types of unemployment make up the natural rate?

A

Cyclical, structural and seasonal unemployment remain when the labour market is in equilibrium.

B

Structural, cyclical and involuntary unemployment remain when the labour market is in equilibrium.

C

Frictional, cyclical and voluntary unemployment remain when the labour market is in equilibrium.

D

Frictional, structural and seasonal unemployment remain when the labour market is in equilibrium.

Card 1 of 25

9.3.4 natural rate of unemployment Flashcards

  1. Intl A Level
  2. /Economics
  3. /9.3.4 natural rate of unemployment

25 flashcards on CIE Intl A Level Economics 9.3.4 natural rate of unemployment: the key terms and definitions you need to recall.

Flashcards