The seasonally adjusted rate of unemployment in Hamsterville is . But the natural rate of unemployment there is .
Which of the following describes why there is a difference between the current rate of unemployment and the natural rate of unemployment?
Choose 1 answer:
(A) There is Cyclical unemployment
(B) There is Structural unemployment
(C) There is frictional unemployment
(D) There is seasonal unemployment
(E) We need more information to determine why there is a difference
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