The natural rate of employment is achieved when:

a. the actual rate of unemployment is equal to zero.

b. the natural rate of unemployment is equal to the actual rate of unemployment

c. the quantity of labor supplied is equal to the quantity of labor demanded.

d. there is no cyclical unemployment.

Question

Smokey

Business

11 October, 01:24

The natural rate of employment is achieved when:

a. the actual rate of unemployment is equal to zero.

b. the natural rate of unemployment is equal to the actual rate of unemployment

c. the quantity of labor supplied is equal to the quantity of labor demanded.

d. there is no cyclical unemployment.

+5

Answers (1)

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Alfonso Kirby · Answer 1

I would say the answer is that the natural rate of employment is c. when the amount of labour supplied is equal to the amount of labour demanded. In other words the supply and demand for employment are in equilibrium and there is no excess on either side.

The natural rate of employment is achieved when:a. the actual rate of unemployment is equal to zero.b. the natural rate of unemployment is equal to the actual rate of unemploymentc. the quantity of labor supplied is equal to the quantity of labor demanded.d. there is no cyclical unemployment.