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Natural unemployment is the sum of _____.(1 point)

Responses

frictional and cyclical unemployment
frictional and cyclical unemployment

structural and cyclical unemployment
structural and cyclical unemployment

frictional and structural unemployment
frictional and structural unemployment

frictional, structural, and cyclical unemployment

1 answer

Natural unemployment is the sum of frictional and structural unemployment.

Cyclical unemployment is not included in natural unemployment as it is related to economic downturns and is not a result of normal labor market dynamics.