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13.01.2020 04:22

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The natural rate of unemployment is the frictional rate that exists in every economy

The natural rate of unemployment is the frictional rate that exists in every economy when people move between jobs, and economists refer to full employment when the rate of unemployment is at the natural rate. The natural rate of unemployment in Europe is normally twice and at times three times that of the USA. Can you explain why

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amychan123

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The natural rate of unemployment is the frictional rate that exists in every economy

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