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    Business
  3. Study Set
    Macroeconomics Study Set 43
  4. Exam
    Exam 9: A: Business Cycles, Unemployment, and Inflation
  5. Question
    Define the "Full-Employment" or "Natural" Rate of Unemployment and Give
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Define the "Full-Employment" or "Natural" Rate of Unemployment and Give

Question 13

Question 13

Essay

Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.

Correct Answer:

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"Full employment" does not mean zero per...

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