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What Is the Natural Rate of Unemployment
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Video Source: www.youtube.com/watch?v=wiWursKR9Ao
The natural rate of unemployment is defined as the rate of unemployment that would occur in an economy if there were no cyclical unemployment. In other words, it’s frictional unemployment plus structural unemployment. It is not observable, but estimated. • --------------------------------------------------------------- • Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 • • Dictionary of Economics Course: http://bit.ly/2JA36Xy • • Additional practice questions: http://bit.ly/2Hcpzvk • • Ask a question about the video: http://bit.ly/2v6NMP8 • Help translate this video: http://bit.ly/2IJ4t53
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