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Which one of the following is the correct concept of Natural rating unemployment ?

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Which one of the following is the correct concept of Natural rating unemployment ?

(1) Frictionally and structurally unemployed

(2) Frictionally and cyclically unemployed

(3) Structurally and cyclically unemployed

(4) Frictionally, cyclically and structurally unemployed


Answer: (1) Frictionally and structurally unemployed
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