View source for Natural rate of unemployment

[[Natural rate of unemployment]] is the unemployment rate that would exist in a growing and healthy economy from the combination of economic, social, and political factors that exist at a time.

==Definition==
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
:[[Natural rate of unemployment]]. The unemployment rate that would exist in a growing and healthy economy from the combination of economic, social, and political factors that exist at a time.


[[Category: Economics]][[Category: Articles]]