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From course:

Economics A Level

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Question:

What is the Natural Rate of Unemployment? (NRU) -Why does this exist?

Author: go kys



Answer:

-This is the Rate of Unemployment when the Labour Market is in Equilibrium. This essentially means there is Enough Jobs for Every Worker in the Labour Force, but NOT that every Worker will be in a Job -This is because of Frictional and Structural Unemployment


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go kys
go kys