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- Natural_rate_of_unemployment abstract "The natural rate of unemployment is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s, both recipients of the Nobel prize in economics. In both cases, the development of the concept is cited as a main motivation behind the prize.It represents the hypothetical unemployment rate consistent with aggregate production being at the "long-run" level. This level is consistent with aggregate production in the absence of various temporary frictions such as incomplete price adjustment in labor and goods markets. The natural rate of unemployment therefore corresponds to the unemployment rate prevailing under a classical view of determination of activity. It is mainly determined by the economy's supply side, and hence production possibilities and economic institutions. If these institutional features involve permanent mismatches in the labor market or real wage rigidities, the natural rate of unemployment may feature involuntary unemployment. The natural rate of unemployment is a combination of frictional and structural unemployment that persists in an efficient, expanding economy when labor and resource markets are in equilibrium.Occurrence of disturbances (e.g., cyclical shifts in investment sentiments) will cause actual unemployment to continuously deviate from the natural rate, and be partly determined by aggregate demand factors as under a Keynesian view of output determination. The policy implication is that the natural rate of unemployment cannot permanently be reduced by demand management policies (including monetary policy), but that such policies can play a role in stabilizing variations in actual unemployment.Reductions in the natural rate of unemployment must, according to the concept, be achieved through structural policies directed towards an economy's supply side.".
- Natural_rate_of_unemployment wikiPageExternalLink NROU.
- Natural_rate_of_unemployment wikiPageExternalLink NROUST.
- Natural_rate_of_unemployment wikiPageID "570703".
- Natural_rate_of_unemployment wikiPageLength "10162".
- Natural_rate_of_unemployment wikiPageOutDegree "31".
- Natural_rate_of_unemployment wikiPageRevisionID "673448123".
- Natural_rate_of_unemployment wikiPageWikiLink American_Economic_Association.
- Natural_rate_of_unemployment wikiPageWikiLink Category:Employment.
- Natural_rate_of_unemployment wikiPageWikiLink Category:Macroeconomics.
- Natural_rate_of_unemployment wikiPageWikiLink Category:Unemployment.
- Natural_rate_of_unemployment wikiPageWikiLink Classical_dichotomy.
- Natural_rate_of_unemployment wikiPageWikiLink Classical_economics.
- Natural_rate_of_unemployment wikiPageWikiLink Diamond_coconut_model.
- Natural_rate_of_unemployment wikiPageWikiLink Don_Patinkin.
- Natural_rate_of_unemployment wikiPageWikiLink Economics.
- Natural_rate_of_unemployment wikiPageWikiLink Edmund_Phelps.
- Natural_rate_of_unemployment wikiPageWikiLink Frictional_unemployment.
- Natural_rate_of_unemployment wikiPageWikiLink Gross_domestic_product.
- Natural_rate_of_unemployment wikiPageWikiLink Inflation.
- Natural_rate_of_unemployment wikiPageWikiLink Keynesian.
- Natural_rate_of_unemployment wikiPageWikiLink Keynesian_economics.
- Natural_rate_of_unemployment wikiPageWikiLink Labor_economics.
- Natural_rate_of_unemployment wikiPageWikiLink Labour_economics.
- Natural_rate_of_unemployment wikiPageWikiLink Milton_Friedman.
- Natural_rate_of_unemployment wikiPageWikiLink Monetary_policy.
- Natural_rate_of_unemployment wikiPageWikiLink NAIRU.
- Natural_rate_of_unemployment wikiPageWikiLink Nobel_Memorial_Prize_in_Economic_Sciences.
- Natural_rate_of_unemployment wikiPageWikiLink Nobel_Prize_in_Economics.
- Natural_rate_of_unemployment wikiPageWikiLink Phillips_curve.
- Natural_rate_of_unemployment wikiPageWikiLink Reserve_army_of_labour.
- Natural_rate_of_unemployment wikiPageWikiLink Roger_Farmer.
- Natural_rate_of_unemployment wikiPageWikiLink Shock_(economics).
- Natural_rate_of_unemployment wikiPageWikiLink Structural_unemployment.
- Natural_rate_of_unemployment wikiPageWikiLink Unemployment.
- Natural_rate_of_unemployment wikiPageWikiLink Unemployment_rate.
- Natural_rate_of_unemployment wikiPageWikiLink Unemployment_types.
- Natural_rate_of_unemployment wikiPageWikiLink University_of_California,_Los_Angeles.
- Natural_rate_of_unemployment wikiPageWikiLinkText ""natural rate" concepts of unemployment".
- Natural_rate_of_unemployment wikiPageWikiLinkText ""natural rate"".
- Natural_rate_of_unemployment wikiPageWikiLinkText ""natural" rate of unemployment".
- Natural_rate_of_unemployment wikiPageWikiLinkText "Natural rate of unemployment".
- Natural_rate_of_unemployment wikiPageWikiLinkText "natural rate of unemployment".
- Natural_rate_of_unemployment wikiPageWikiLinkText "natural rate".
- Natural_rate_of_unemployment hasPhotoCollection Natural_rate_of_unemployment.
- Natural_rate_of_unemployment wikiPageUsesTemplate Template:Reflist.
- Natural_rate_of_unemployment subject Category:Employment.
- Natural_rate_of_unemployment subject Category:Macroeconomics.
- Natural_rate_of_unemployment subject Category:Unemployment.
- Natural_rate_of_unemployment hypernym Concept.
- Natural_rate_of_unemployment type Socioeconomic.
- Natural_rate_of_unemployment comment "The natural rate of unemployment is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s, both recipients of the Nobel prize in economics. In both cases, the development of the concept is cited as a main motivation behind the prize.It represents the hypothetical unemployment rate consistent with aggregate production being at the "long-run" level.".
- Natural_rate_of_unemployment label "Natural rate of unemployment".
- Natural_rate_of_unemployment sameAs معدل_طبيعي_للبطالة.
- Natural_rate_of_unemployment sameAs Natürliche_Arbeitslosenquote.
- Natural_rate_of_unemployment sameAs Taux_de_chômage_naturel.
- Natural_rate_of_unemployment sameAs Tasso_naturale_di_disoccupazione.
- Natural_rate_of_unemployment sameAs 自然失業率.
- Natural_rate_of_unemployment sameAs Природна_стапка_на_невработеност.
- Natural_rate_of_unemployment sameAs Natuurlijk_werkloosheidspercentage.
- Natural_rate_of_unemployment sameAs Naturalna_stopa_bezrobocia.
- Natural_rate_of_unemployment sameAs m.02p2c9s.
- Natural_rate_of_unemployment sameAs Природний_рівень_безробіття.
- Natural_rate_of_unemployment sameAs Tỷ_lệ_thất_nghiệp_tự_nhiên.
- Natural_rate_of_unemployment sameAs Q1971758.
- Natural_rate_of_unemployment sameAs Q1971758.
- Natural_rate_of_unemployment wasDerivedFrom Natural_rate_of_unemployment?oldid=673448123.
- Natural_rate_of_unemployment isPrimaryTopicOf Natural_rate_of_unemployment.