What Is the Natural Rate of Unemployment?
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- Title:
- Wat is het natuurlijke werkloosheidspercentage?
- Description:
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The natural rate of unemployment is defined as the rate of unemployment that would occur in an economy if there were no cyclical unemployment. In other words, it’s frictional unemployment plus structural unemployment. It is not observable, but estimated.
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- Video Language:
- English
- Team:
Marginal Revolution University
- Project:
- Dictionary of Economics
- Duration:
- 02:15
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Michel Smits edited Dutch subtitles for What Is the Natural Rate of Unemployment? | |
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Michel Smits edited Dutch subtitles for What Is the Natural Rate of Unemployment? | |
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Michel Smits edited Dutch subtitles for What Is the Natural Rate of Unemployment? |