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→Natural rate of unemployment: => temporary displacement, in the process of shifting people from one area to another
[[File:Un-0409.jpg|thumb|250px|update for April 2009]] [[Image:Job-loss-09.jpg|thumb|250px|US job losses January 1-March 31, 2009]]
[[File:Un-0409.jpg|thumb|250px|update for April 2009]] [[Image:Job-loss-09.jpg|thumb|250px|US job losses January 1-March 31, 2009]]
==Natural rate of unemployment==
==Temporary unemployment==
[[Milton Friedman]] in 1968 itroduced the concept of the "natural rate of unemplyment," which is the rate generated by the economy which does not cause inflation or deflation.
[[Milton Friedman]] in 1968 itroduced the concept of the "natural rate of unemplyment," which is the rate generated by the economy which does not cause inflation or deflation.