Explain the difference between the natural rate of unemployment and the actual rate of unemployment as reported by the US Department of Labor.

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 6CQ
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Explain the difference between the natural rate of unemployment and the actual rate of unemployment as reported by the US Department of Labor.

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