A nation's frictional unemployment rate is 1 percent. Seasonal unemployment does not exist in this country. Its

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A nation's frictional unemployment rate is 1 percent. Seasonal unemployment does not exist in this country. Its cyclical rate of unemployment is 3 percent, and its structural unemployment rate is 4 percent. What is this nation's overall rate of unemployment? What is its natural rate of unemployment?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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