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Types of unemployment and the natural rate of unemployment

AP.MACRO: MEA‑1 (EU), MEA‑1.E (LO), MEA‑1.E.1 (EK), MEA‑1.E.2 (EK), MEA‑1.E.3 (EK), MEA‑1.E.4 (EK)


Which of the following best describes the concept of the natural rate of unemployment?
Choose 1 answer: