Problem
A nation's frictional unemployment rate is 1 percent. Seasonal unemployment does not exist in this country. Its cyclical rate of unemployment is 3 percent, and its structural unemployment rate is 4 percent. What is this nation's overall rate of unemployment? What is its natural rate of unemployment?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.