Among developed economies, the natural rate of unemployment is a fixed number tends to follow a...
Among developed economies, the natural rate of unemployment
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is a fixed number |
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tends to follow a steady upward trend |
||
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varies, but less the actual unemployment |
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varies more the actual unemployment |
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tends to follow a steady downward trend |
Homework Answers
Option 3
As the natural rate of unemployment is comprised of frictional (as people look for new jobs) and structural unemployment (reorganization because of technological advancements) which is stabilized for developed nations, hence it varies less than the actual unemployment would change.
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