The natural rate of unemployment in a country is 4 percent. This implies that: the unemployment rate is constant at 4 percent over time.

The natural rate of unemployment in a country is 4 percent. This implies that:​

• ​the unemployment rate is constant at 4 percent over time.
• ​4 percent of the labor force is unemployed at any given point of time. 
• ​the country has an unemployment rate of 4 percent in the short run.
• ​the country has a 4 percent unemployment rate when the labor market is in equilibrium.