A nation's natural rate of output is the output level that occurs when:
the economy is at full employment.
the unemployment rate is zero.
only cyclical unemployre
f_(n)^(tr)
is present.
there is no government policy interference.
A nation's natural rate of output is the output level that occurs when:
the economy is at full employment.
the unemployment rate is zero.
only cyclical unemployre
f_(n)^(tr)
is present.
there is no government policy interference.