Suppose that an economy is initially in equilibrium at E, in the figure to the right. 125 In this case, the unemployment
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Suppose that an economy is initially in equilibrium at E, in the figure to the right. 125 In this case, the unemployment
Suppose that an economy is initially in equilibrium at E, in the figure to the right. 125 In this case, the unemployment rate the natural rate of unemployment. 124- SRAS2 LRAS SRAS 123 o 122- 121- Price Level 120- 119- 118 E1 AD2 1177 116- CD ADT 1157 8 00- 9 10 11 12 13 14 15 16 17 18 19 20 Real GDP per Year ($ trillions)
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