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18 August, 14:44

In the long run the unemployment rate equals:

A. zero.

B. the cyclical rate of unemployment.

C. the natural rate of unemployment.

D. the sum of the cyclical and natural rate of unemployment.

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Answers (1)
  1. 18 August, 15:04
    0
    C. the natural rate of unemployment.

    Explanation:

    This rate includes frictional and structural unemployment.

    It represents the unemployment rate that exists when the quantity of labor demanded is equal to the quantity of labor supplied.
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