Answer:
All of these are true.
- is measured by the number of people who are unemployed divided by the labor force.
- is never zero.
- measures what percentage of our labor force is currently looking for a job and can't find one.
Explanation:
The natural rate of unemployment, which is considered to be healthy and actually full employment level is around 4-5%. There will always be people looking for better jobs (fictional unemployment) or people that are not exactly for performing available jobs (structural unemployment). The only type of unemployment that is considered negative is cyclical unemployment which results from lower economic activity.
