What Is the Natural Rate of Unemployment?

Learn about the meaning of "natural rate of unemployment". As it turns out, our goal is not to achieve 0% unemployment - that is impossible, but a certain rate of low unemployment (aka "the natural rate of unemployment") is not only possible but desirable.

Source: Marginal Revolution University, https://youtu.be/wiWursKR9Ao
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Last modified: Thursday, May 20, 2021, 3:48 PM