Question

Which economist introduced the concept of natural rate of unemployment?​

Answer 1

Milton Freidman argued the natural rate of unemployment would be determined by institutional factors such as. Availability of job information. A factor in determining frictional unemployment and how quickly the unemployed find a job.

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Answer 2

Explanation:

Important contributors to the theory of natural unemployment include Milton Friedman, Edmund Phelps, and Friedrich Hayek, all Nobel winners. The works of Friedman and Phelps were instrumental in developing the non-accelerating inflation rate of unemployment (NAIRU).