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What are the factors that sum up natural unemployment?(1 point)
frictional and structural unemployment
frictional and cyclical unemployment
frictional, structural, and cyclical unemployment
structural and cyclical unemployment
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Frictional and structural unemployment.
Explanation: The natural rate of unemployment consists of frictional (job search/matching) and structural (mismatch/long-term) unemployment; cyclical unemployment is due to business‑cycle fluctuations and is not part of the natural rate.
Explanation: The natural rate of unemployment consists of frictional (job search/matching) and structural (mismatch/long-term) unemployment; cyclical unemployment is due to business‑cycle fluctuations and is not part of the natural rate.
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